English Translation from Spanish (The original will be provided upon the request of the Commission).Exhibit 99.2
 
 Execution Version





SECOND AMENDMENT TO THE


AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT








THIS SECOND AMENDMENT TO THE AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT (this “ Amendment ”) is made and entered into as of this 18 th day of August, 2014, by and among:





EMBOTELLADORA ANDINA S.A. , a corporation organized under the laws of Chile (“ Andina ”);





THE COCA‐COLA COMPANY , a corporation organized under the laws of Delaware, U.S.A. (“ KO ”);





SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES SRL , a corporation organized under the laws of Argentina (“ SPBR ”);





COCA‐COLA DE CHILE S.A. , a corporation organized under the laws of Chile (“ CCDC ”, and collectively with KO and SPBR hereinafter referred to as the “ KO Shareholders ”);





INVERSIONES FREIRE S.A. (“ Freire One ”), a corporation organized under the laws of Chile;





INVERSIONES FREIRE DOS S.A. (“ Freire Two ”), a corporation organized under the laws of Chile;





INVERSIONES SH SEIS LIMITADA , a limited liability company organized under the laws of Chile (“ SH Seis ”), as successor of INVERSIONES FREIRE ALFA S.A. (“ Freire Alfa ”) and INVERSIONES FREIRE DOS ALFA S.A. (“ Freire Two Alfa ”);





INVERSIONES CABILDO SpA , a stock company organized under the laws of Chile (“ Cabildo ”), as successor of  INVERSIONES FREIRE BETA S.A. (“ Freire Beta ”) and INVERSIONES FREIRE DOS BETA S.A. (“ Freire Two Beta ”);





INVERSIONES EL OLIVILLO LIMITADA , a limited liability company organized under the laws of Chile (“ El Olivillo ”), formerly named INVERSIONES FREIRE GAMMA S.A. (“ Freire Gamma ”);





INVERSIONES ALERCE LIMITADA , a limited liability company organized under the laws of Chile (“ Alerce ”), formerly named INVERSIONES FREIRE DOS GAMMA S.A. (“ Freire Two Gamma ”);





Classified - Confidential


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INVERSIONES NUEVA DELTA S.A. , a corporation organized under the laws of Chile (“ Nueva Delta ”), as successor of INVERSIONES FREIRE DELTA S.A. (“ Freire Delta ”);





INVERSIONES NUEVA DELTA DOS S.A. , a corporation organized under the laws of Chile (“ Nueva Delta Dos ”), as successor of INVERSIONES FREIRE DOS DELTA S.A. (“ Freire Two Delta ”), a corporation organized under the laws of Chile (hereinafter SH Seis, Cabildo, El Olivillo, Alerce, Nueva Delta and Nueva Delta Dos, the “ New Members of the Freire Group ”);





INVERSIONES LOS AROMOS LIMITADA (“ Los Aromos ”), a limited liability company organized under the laws of Chile;





INVERSIONES LAS GAVIOTAS DOS LIMITADA (“ Las Gaviotas ”), a limited liability company organized under the laws of Chile;





INVERSIONES PLAYA NEGRA DOS LIMITADA (“ Playa Negra ”), a limited liability company organized under the laws of Chile;





INVERSIONES EL CAMPANARIO LIMITADA , formerly named INVERSIONES EL CAMPANARIO DOS LIMITADA  (“ Campanario ”), a limited liability company organized under the laws of Chile;





INVERSIONES LAS VIÑAS DOS LIMITADA (“ Las Viñas ”), a limited liability company organized under the laws of Chile;





INVERSIONES DON ALFONSO LIMITADA , formerly named INVERSIONES DON ALFONSO DOS LIMITADA (“ Don Alfonso ”) a limited liability company organized under the laws of Chile;





INVERSIONES LOS ROBLES DOS LIMITADA (“ Los Robles ”), a limited liability company organized under the laws of Chile;





and the following individuals: (a) José Said Saffie, Isabel Margarita Somavía Dittborn, Salvador Said Somavía, Isabel Said Somavía, Constanza Said Somavía and Loreto Said Somavía; (b) José Antonio Garcés Silva (senior), María Teresa Silva Silva, María Teresa Garcés Silva, María Paz Garcés Silva, José Antonio Garcés Silva (junior), Matías Alberto Garcés Silva and Andrés Sergio Garcés Silva; (c) Gonzalo Said Handal, Jaime Said Handal, Javier Said Handal, Barbara Said Handal, Marisol Said Handal and Cristina Said Handal; (d) Alberto Hurtado Fuenzalida , Pamela Hurtado Berger and Madeline Hurtado Berger; and (e) Patricia Claro Marchant, María Soledad Chadwick Claro, Eduardo Chadwick Claro, María Carolina Chadwick Claro and María de la Luz Chadwick Hurtado.








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W I T N E S S E T H:





WHEREAS, on June 25, 2012, an Amended and Restated Shareholders’ Agreement related to Andina was entered into (the “ Amended SHA ”, as amended as of August 31, 2012) by and among Andina, CCDC, Coca-Cola Interamerican Corporation (which on December 26, 2012, transferred all of its shares of Andina to CCDC), SPBR, Freire One (which was subject to a corporate restructuring whereby Freire Alfa, Freire Beta, Freire Gamma and Freire Delta were formed and certain shares of Andina were allocated among these companies, which on October 1, 2012 agreed to become bound by the Amended SHA), Freire Two (which was subject to a corporate restructuring whereby Freire Two Alfa, Freire Two Beta, Freire Two Gamma and Freire Two Delta were formed and certain shares of Andina were allocated among these companies, which on October 1, 2012 agreed to become bound by the Amended SHA), and Los Aromos (which was subject to a corporate restructuring whereby Las Gaviotas, Playa Negra, Campanario, Las Viñas, Don Alfonso and Los Robles were formed and all of the shares of Andina were allocated among these companies, which on September 9, 2013 agreed to become bound by the Amended SHA).





WHEREAS, each of Freire Alfa, Freire Beta, Freire Gamma, Freire Delta, Freire Two Alfa, Freire Two Beta, Freire Two Gamma and Freire Two Delta was subject to the following corporate restructuring:


(i) Freire Alfa and Freire Two Alfa merged into SH Seis, and as a result SH Seis owns 50,001,644 Series A Stock previously held by Freire Alfa and Freire Two Alfa;


(ii) Freire Beta and Freire Two Beta merged with Cabildo, and as a result Cabildo owns 50,001,644 Series A Stock previously held by Freire Beta and Freire Two Beta,


(iii) Freire Gamma was renamed as El Olivillo, which owns 46,426,645 Series A Stock;


(iv) Freire Two Gamma was renamed as Alerce, which owns 3,574,999 Series A Stock;


(v) Freire Delta merged with Nueva Delta, and as a result Nueva Delta owns 46,426,645 Series A Stock previously held by Freire Delta, and


(vi) Freire Two Delta merged with Nueva Delta Dos, and as a result Nueva Delta Dos owns 3,574,999 Series A Stock previously held by Freire Two Delta (all of the shares of Series A Stock previously indicated hereinafter referred to as the “ Transferred Shares ”).





NOW, THEREFORE, the parties hereto, intending to be legally bound, agree to amend the Amended SHA, in order to include the New Members of the Freire Group as parties to the Amended SHA, and their beneficial owners as Majority Shareholders Partners thereunder, as follows:





1. Representations and warranties .





1.1.    Gonzalo Said Handal, Jaime Said Handal, Javier Said Handal, Barbara Said Handal, Marisol Said Handal and Cristina Said Handal represent and warrant (i) to be the exclusive and sole beneficial owners of SH Seis, and (ii) that SH Seis is the legal successor of Freire


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Alfa and Freire Two Alfa, owning 50,001,644 Series A Stock previously held by Freire Alfa and Freire Two Alfa.





1.2.    José Said Saffie, Isabel Margarita Somavía Dittborn, Salvador Said Somavía, Isabel Said Somavía, Constanza Said Somavía and Loreto Said Somavía represent and warrant (i) to be the exclusive and sole beneficial owners of Cabildo, and (ii) that Cabildo is the legal successor of Freire Beta and Freire Two Beta, owning 50,001,644 Series A Stock previously held by Freire Beta and Freire Two Beta.





1.3.    Alberto Hurtado Fuenzalida , Pamela Hurtado Berger and Madeline Hurtado Berger represent and warrant (i) to be the exclusive and sole beneficial owners of El Olivillo and Alerce; (ii) that El Olivillo is the same entity formerly known as Freire Gamma, owning 46,426,645 Series A Stock; and (iii) that Alerce is the same entity formerly known as Freire Two Gamma, owning 3,574,999 Series A Stock.





1.4.     José Antonio Garcés Silva (senior), María Teresa Silva Silva, María Teresa Garcés Silva, María Paz Garcés Silva, José Antonio Garcés Silva (junior), Matías Alberto Garcés Silva and Andrés Sergio Garcés Silva represent and warrant (i) to be the exclusive and sole beneficial owners of Nueva Delta and Nueva Delta Dos, (ii) that Nueva Delta is the legal successor of Freire Delta, owning 46,426,645 Series A Stock previously held by Freire Delta, and (iii) that Nueva Delta Dos is the legal successor of Freire Two Delta, owning 3,574,999 Series A Stock previously held by Freire Two Delta.





2. Undertakings .





2.1.    SH Seis agrees to be bound by the terms and provisions of the Amended SHA and shall be deemed to be the successor of Freire Alfa and Freire Dos Alfa under the Amended SHA, and that their corresponding Transferred Shares shall remain subject to the provisions of the Amended SHA.





2.2.    Cabildo agrees to be bound by the terms and provisions of the Amended SHA and shall be deemed to be the successor of Freire Beta and Freire Dos Beta under the Amended SHA, and that their corresponding Transferred Shares shall remain subject to the provisions of the Amended SHA.





2.3.    Nueva Delta agrees to be bound by the terms and provisions of the Amended SHA and shall be deemed to be the successor of Freire Delta under the Amended SHA, and that their corresponding Transferred Shares shall remain subject to the provisions of the Amended SHA.





2.4.    Nueva Delta Dos agrees to be bound by the terms and provisions of the Amended SHA and shall be deemed to be the successor of Freire Dos Delta under the Amended SHA, and that their corresponding Transferred Shares shall remain subject to the provisions of the Amended SHA.


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2.5.    El Olivillo agrees to be bound by the terms and provisions of the Amended SHA and shall be deemed to be the successor of Freire Gamma under the Amended SHA, and that their corresponding Transferred Shares shall remain subject to the provisions of the Amended SHA.





2.6.    Alerce agrees to be bound by the terms and provisions of the Amended SHA and shall be deemed to be the successor of Freire Dos Gamma under the Amended SHA, and that their corresponding Transferred Shares shall remain subject to the provisions of the Amended SHA.





2.7.    Each of the beneficial owners of the New Members of the Freire Group agrees to be bound by the undertakings of the Majority Shareholders Partners set forth in Section 5.7 of the Amended SHA.





3. Amendments to the Amended SHA . In consideration of the representation of warranties made by the beneficial owners of the New Members of the Freire Group and the undertakings of Section 1 above, the parties hereto agree the following:





3.1    Each New Members of the Freire Group has become a member of the Freire Group under the Amended SHA, as defined therein. Therefore, as of this date the Freire Group shall be formed by the following members: (i) Freire One, (ii) Freire Two, (iii) SH Seis, (iv) Cabildo, (v) Nueva Delta, (vi) Nueva Delta Dos, (vii) El Olivillo and (viii) Alerce.





3.2.    The beneficial owners of the New Members of the Freire Group are included as of this date as Majority Shareholders Partners under the Amended SHA, as defined therein. Therefore, as of this date the Majority Shareholders Partners shall be formed by the following individuals, which are the current sole and exclusive beneficial owners of the Majority Shareholders: (a) José Said Saffie, Isabel Margarita Somavía Dittborn, Salvador Said Somavía, Isabel Said Somavía, Constanza Said Somavía and Loreto Said Somavía; (b) José Antonio Garcés Silva (senior), María Teresa Silva Silva, María Teresa Garcés Silva, María Paz Garcés Silva, José Antonio Garcés Silva (junior), Matías Alberto Garcés Silva and Andrés Sergio Garcés Silva; (c) Gonzalo Said Handal, Jaime Said Handal, Javier Said Handal, Barbara Said Handal, Marisol Said Handal and Cristina Said Handal; (d) Alberto Hurtado Fuenzalida , Pamela Hurtado Berger and Madeline Hurtado Berger; and (e) Patricia Claro Marchant, María Soledad Chadwick Claro, Eduardo Chadwick Claro, María Carolina Chadwick Claro and María de la Luz Chadwick Hurtado.





For this purpose, Annex I of the Amended SHA is replaced by Annex I hereto.





4. Consent to Jurisdiction . For the avoidance of doubt, each of the parties hereby irrevocable consents and agrees that any Legal Dispute may be brought to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, New York, United States of America or, in the event (but only in the event) such court does not


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have subject matter jurisdiction over such action, suit or proceeding, in the courts of the State of New York sitting in the City of New York, New York, United States of America.





5. Definitions . Any capitalized terms used in this Amendment but not defined herein shall have the meanings provided for in the Amended SHA.





6. Counterparts . This Amendment may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute one and the same instrument.





7. Except as expressly amended hereby, none of the rights or obligations of the parties pursuant to the Amended SHA, neither the remaining clauses of the Amended SHA shall be amended, modified, waived, terminated or otherwise affected in any manner whatsoever.





[Remainder of page left blank. Signature pages follow]


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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day first above written.





EMBOTELLADORA ANDINA S.A.





By: /s/ Jaime Cohen Arancibia


Name: Jaime Cohen Arancibia


Title:





By: /s/ Andrés Wainer Pollack


Name: Andrés Wainer Pollack


Title:   CFO








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THE COCA–COLA COMPANY








By: /s/ Robert J. Jordan, Jr.


Name: Robert J. Jordan, Jr.


Title:   Vice President and General Tax Counsel








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SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES SRL








By: /s/ Sylvia Chamorro Giné


Name: Sylvia Chamorro Giné


Title:   Attorney-in-fact








COCA-COLA DE CHILE S.A.








By: /s/ Jorge Garduño Chavero


Name: Jorge Garduño Chavero


Title:   General Manager








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INVERSIONES FREIRE S.A.By:/s/ José Antonio Garcés Silva (Senior)By:/s/ Signature IllegibleName: José Antonio Garcés Silva (Senior)Name:Title:   PresidentTitle:INVERSIONES FREIRE DOS S.A.By:/s/ José Antonio Garcés Silva (Senior)By:/s/ Signature IllegibleName: José Antonio Garcés Silva (Senior)Name:Title:  PresidentTitle:


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INVERSIONES SH SEIS LIMITADABy:/s/ Gonzalo Sais HandalBy:/s/ Arturo Ricke GuzmánName: Gonzalo Sais HandalName: Arturo Ricke GuzmánTitle:Title:








/s/ Gonzalo Said Handal


GONZALO SAID HANDAL











/s/Jamie Said Handal


JAIME SAID HANDAL











/s/ Javier Said Handal


JAVIER SAID HANDAL











/s/ Barbara Said Handal


BARBARA SAID HANDAL











/s/ Marisol Said Handal


MARISOL SAID HANDAL











/s/ Cristina Said Handal


CRISTINA SAID HANDAL


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INVERSIONES CABILDO SpABy:/s/ Salvador Said SomavíaBy:/s/ Rodrigo Muñoz MuñozName:  Salvador Said SomavíaName: Rodrigo Muñoz MuñozTitle:   ApoderadoTitle:   Apoderado











/s/ José Said Saffie


JOSÉ SAID SAFFIE











/s/ Isabel Margarita Somavía Dittborn


ISABEL MARGARITA SOMAVÍA DITTBORN











/s/ Salvador Said Somavía


SALVADOR SAID SOMAVÍA











/s/ Isabel Said Somavía


ISABEL SAID SOMAVÍA











/s/ Constanza Said Somavía


CONSTANZA SAID SOMAVÍA











/s/ Loreto Said Somavía


LORETO SAID SOMAVÍA


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INVERSIONES EL OLIVILLO LIMITADABy:/s/ Alberto Hurtado FuenzalidaBy:/s/ Madeline Hurtado BergerName: Alberto Hurtado FuenzalidaName: Madeline Hurtado BergerTitle:Title:INVERSIONES ALERCE LIMITADABy:/s/ Alberto Hurtado FuenzalidaBy:/s/ Madeline Hurtado BergerName: Alberto Hurtado FuenzalidaName: Madeline Hurtado BergerTitle:Title:











/s/ Alberto Hurtado Fuenzalida


ALBERTO HURTADO FUENZALIDA











/s/ Pamela Hurtado Berger


PAMELA HURTADO BERGER











/s/ Madeline Hurtado Berger


MADELINE HURTADO BERGER


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INVERSIONES NUEVA DELTA S.A.By:/s/ José Antonio Garcés Silva (Senior)By:/s/ José Antonio Garcés Silva (Junior)Name: José Antonio Garcés Silva (Senior)Name: José Antonio Garcés Silva (Junior)Title:Title:INVERSIONES NUEVA DELTA DOS S.A.By:/s/ José Antonio Garcés Silva (Senior)By:/s/ José Antonio Garcés Silva (Junior)Name: José Antonio Garcés Silva (Senior)Name: José Antonio Garcés Silva (Junior)Title:   PresidentTitle:








/s/ José Antonio Garcés Silva     (Senior)


JOSÉ ANTONIO GARCÉS SILVA (SENIOR)











/s/ María Teresa Silva Silva


MARÍA TERESA SILVA SILVA











/s/ María Teresa Garcés Silva


MARÍA TERESA GARCÉS SILVA











/s/ María Paz Garcés Silva


MARÍA PAZ GARCÉS SILVA











/s/ José Antonio Garcés Silva


JOSÉ ANTONIO GARCÉS SILVA (JUNIOR)





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/s/ Matías Alberto Garcés Silva


MATÍAS ALBERTO GARCÉS SILVA








/s/ Andrés Sergio Garcés Silva


ANDRÉS SERGIO GARCÉS SILVA


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INVERSIONES LOS AROMOS LIMITADABy:/s/ Patricia Claro MarchantBy:/s/ Eduardo Chadwick ClaroName: Patricia Claro MarchantName: Eduardo Chadwick ClaroTitle:Title:By:/s/ María de la Luz Chadwick HurtadoName: María de la Luz Chadwick HurtadoTitle:





INVERSIONES LAS GAVIOTAS DOS LIMITADA








By: /s/Andrés Herrera Ramírez


Name: Andrés Herrera Ramírez


Title:








INVERSIONES PLAYA NEGRA DOS LIMITADA








By: /s/ Patricia Claro Marchant


Name: Patricia Claro Marchant


Title:











INVERSIONES EL CAMPANARIO LIMITADA








By: /s/ María Soledad Chadwick Claro


Name: María Soledad Chadwick Claro


Title:








INVERSIONES LAS VIÑAS DOS LIMITADA





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By: /s/ Eduardo Chadwick Claro


Name: Eduardo Chadwick Claro


Title:











INVERSIONES DON ALFONSO LIMITADA








By: /s/ María de la Luz Chadwick Hurtado


Name: María de la Luz Chadwick Hurtado


Title:








INVERSIONES LOS ROBLES DOS LIMITADA








By: /s/ María Carolina Chadwick Claro


Name: María Carolina Chadwick Claro


Title:








/s/ Patricia Claro Marchant


PATRICIA CLARO MARCHANT











/s/ María Soledad Chadwick Claro


MARÍA SOLEDAD CHADWICK CLARO











/s/ Eduardo Chadwick Claro


EDUARDO CHADWICK CLARO











/s/ María Carolina Chadwick Claro


MARÍA CAROLINA CHADWICK CLARO











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/s/ María De La Luz Chadwick Hurtado


MARÍA DE LA LUZ CHADWICK HURTADO





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Annex I


Majority Shareholders Partners





|  |                                                                                                                                                 
|- | ------------------------------------------------------------------------------------------------------------------------------------------------
|• | José Said Saffie, Isabel Margarita Somavía Dittborn, Salvador Said Somavía, Isabel Said Somavía, Constanza Said Somavía and Loreto Said Somavía.

|  |                                                                                                                                                                                                                 
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|• | José Antonio Garcés Silva (senior), María Teresa Silva Silva, María Teresa Garcés Silva, María Paz Garcés Silva, José Antonio Garcés Silva (junior), Matías Alberto Garcés Silva and Andrés Sergio Garcés Silva.

|  |                                                                                                                               
|- | ------------------------------------------------------------------------------------------------------------------------------
|• | Gonzalo Said Handal, Jaime Said Handal, Javier Said Handal, Barbara Said Handal, Marisol Said Handal and Cristina Said Handal.

|  |                                                                               
|- | ------------------------------------------------------------------------------
|• | Alberto Hurtado Fuenzalida, Pamela Hurtado Berger and Madeline Hurtado Berger.

|  |                                                                                                                                                   
|- | --------------------------------------------------------------------------------------------------------------------------------------------------
|• | Patricia Claro Marchant, María Soledad Chadwick Claro, Eduardo Chadwick Claro, María Carolina Chadwick Claro and María de la Luz Chadwick Hurtado.






















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