Contract

by Compania Cervecerias Unidas
October 30th, 2006





































Exhibit 4: Segment Information - Nine Months Ended September 30, 2006






































Beer - Chile
Beer - Argentina
Soft Drinks & Min Water
Wine
Pisco
Others


2006 2005
2006 2005
2006 2005
2006 2005
2006 2005
2006 2005
OPERATING RESULTS

















(all figures in Ch$ millions)

















Revenues

















Core products
145,955 127,345
37,255 32,120
104,528 96,892
54,675 62,205
23,967 19,818
7,328 6,112
Other products
2,173 1,757
124 222
509 384
3,391 5,419
238 52
0 0
Total
148,128 129,102
37,379 32,341
105,037 97,276
58,065 67,623
24,205 19,869
7,328 6,112
% change
14.7%

15.6%

8.0%

-14.1%

21.8%

19.9%



















Cost of sales
(56,349) (48,228)
(18,533) (16,972)
(51,327) (46,976)
(40,409) (46,324)
(14,791) (14,131)
(4,565) (3,289)
% of sales
38.0% 37.4%
49.6% 52.5%
48.9% 48.3%
69.6% 68.5%
61.1% 71.1%
62.3% 53.8%



















SG&A
(54,814) (49,699)
(17,667) (15,171)
(46,478) (43,171)
(16,308) (17,697)
(9,219) (7,882)
(1,431) (1,093)
% of sales
37.0% 38.5%
47.3% 46.9%
44.2% 44.4%
28.1% 26.2%
38.1% 39.7%
19.5% 17.9%



















Operating profit
36,966 31,174
1,179 198
7,232 7,130
1,349 3,602
195 (2,143)
1,332 1,731
% change
18.6%

495.7%

1.4%

-62.6%

NM

-23.0%
% of sales
25.0% 24.1%
3.2% 0.6%
6.9% 7.3%
2.3% 5.3%
0.8% -10.8%
18.2% 28.3%



















Depreciation
13,827 14,511
4,256 3,920
7,613 7,938
3,757 3,471
752 614
951 830
Amortization
1 3
118 124
0 2
279 281
40 0
0 0
EBITDA
50,793 45,689
5,553 4,241
14,846 15,070
5,385 7,354
987 (1,529)
2,283 2,561
% change
11.2%

30.9%

-1.5%

-26.8%

NM

-10.8%
% of sales
34.3% 35.4%
14.9% 13.1%
14.1% 15.5%
9.3% 10.9%
4.1% -7.7%
31.2% 41.9%



























































Beer - Chile
Beer - Argentina*
Soft Drinks & Min Water
Wine***
Pisco




2006 2005
2006 2005
2006 2005
2006 2005
2006 2005


VOLUMES & PRICING

























Total**
Total
Total


Volume (HLs)
3,211,346 2,782,690
1,598,673 1,508,445
3,630,804 3,316,236
651,115 704,253
147,243 144,784


% change
15.4%

6.0%

9.5%

-7.5%

1.7%






























Soft Drinks
Chile - Domestic













2,436,524 2,278,319
350,461 394,579













6.9%

-11.2%














Nectars
Chile - Bottled Exports













388,464 319,467
270,355 280,995













21.6%

-3.8%














Mineral Water
















805,817 718,450
Argentina













12.2%

30,298 28,679
















5.6%































































* Volumes include exports of 50,370 HL (25,768 HL to Chile) and 39,624 HL (28,405 HL to Chile) in 2006 and 2005, respectively.

















** In unit cases, sales from the soft drink and mineral water segment totaled 63.9 million and 58.4 million in 2006 and 2005, respectively.

















*** Volumes do not include bulk volumes of 55,820 HL (45,170 HL from Chile exports and 10,650 HL from Argentina) and 110,632 HL (90,707 HL from Chile exports and 19,925 HL from Argentina ) in 2006 and 2005, respectively.

























Total
Total





Price (Ch$ / HL)
45,450 45,763
23,304 21,293
28,789 29,218
83,971 88,327
162,774 136,876


% change (real)
-0.7%

9.4%

-1.5%

-4.9%

18.9%






























Soft Drinks
Chile - Domestic













27,917 28,673
58,254 62,673













-2.6%

-7.1%














Nectars
Chile - Bottled Exports













41,602 43,027
115,134 123,234













-3.3%

-6.6%














Mineral Water
















25,251 24,804
Argentina













1.8%

103,365 99,277
















4.1%