Viña Concha y Toro’s business is not devoid of risk as the Company is involved at every stage of the production and marketing of its wines.

Climatic phenomena such as drought and frost as well as disease and fungus can adversely affect the quantity, quality and cost of grape supplies available to the Company both from its own vineyards and from independent suppliers.

Wine packaging is sourced mainly from two large suppliers – one from bottles and the other from Tetra Brik.  If the supply of these primary materials is disrupted it could have a short-term adverse effect on the Company.

Concha y Toro’s products are sold in Chile as well as abroad and, consequently, face market risks that largely comprise exchange rate and interest rate risks when servicing debt.

Company exports are mostly denominated in United States dollars, although some are set in Canadian dollars, Pounds sterling or euros. In addition, operations in the domestic Argentine market are conducted in Argentine pesos.  Given such transactions, financial results could be adversely affected by unfavorable exchange rates or weak economic environments where the Company sells its products, although market diversification mitigates this risk.

The Company also has foreign subsidiaries in Argentina and the United Kingdom, such that political or economic events in either country may affect subsidiary performance.

Risk Factors of the Document 20-F 2010