Coca-Cola FEMSA announces a preliminary agreement with Grupo Industrias Lácteas in Panama

Mexico City, October 14, 2010 – Coca-Cola FEMSA, S.A.B. de C.V. (“Coca-Cola FEMSA” or the

“Company”), the largest public bottler of Coca-Cola products in the world in terms of sales volume,

announces that is has signed a memorandum of understanding by which it could acquire all of the shares

of Grupo Industrias Lácteas (“Estrella Azul” and “Del Prado”) in Panama.

This understanding provides Coca-Cola FEMSA exclusivity for the purposes of this process, which will

include the completion of legal, financial, and operating due diligence. Any resulting transaction would

be subject to customary government and regulatory approvals and corporate authorizations.

This transaction would allow the Company to enter into the milk and dairy products category, one of the

most dynamic segments in terms of scale and value in the non-alcoholic beverage industry in Latin

America. It also represents an attractive growth opportunity in the Panamanian beverage market.

Assuming a transaction is approved and completed successfully, this business will become part of the

non-carbonated beverage platform that Coca-Cola FEMSA shares with its partner, The Coca-Cola

Company.

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