0001019155-04-000006 Sample Contracts

and OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY RECEIPTS Deposit Agreement Dated as of _________________, 2004
Deposit Agreement • January 7th, 2004 • Grupo Modelo Sa De Cv • New York

DEPOSIT AGREEMENT dated as of _______________, 2004 among GRUPO MODELO, S.A. de C.V., incorporated and organized under the laws of the United Mexican States (herein called the Company), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued hereunder.

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THE BANK OF NEW YORK
Deposit Agreement • January 7th, 2004 • Grupo Modelo Sa De Cv

Re: Deposit Agreement dated as of ___________, 2004 (the "Deposit Agreement") among Grupo Modelo, S.A. de C.V. (the “Company”), The Bank of New York, as Depositary (the “Depositary”), and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued thereunder

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