March 26, 2004 - Santiago, Chile.
QUIÑENCO PROPOSES FINAL DIVIDEND DISTRIBUTION OF Ch$6.21 PESOS PER SHARE

Quiñenco S.A. (LQ:NYSE) reported today that its Board of Directors has proposed a final dividend distribution of Ch$6,703,101,992, equivalent to Ch$6.20807 pesos per share. The proposal will be put forth at the Company's General Ordinary Shareholders Meeting to be held on April 30, 2004.

At the Board of Directors meeting, which was held on March 25, 2004, the Board proposed that 50% of 2003 net profits or Ch$18,847,424,544 equivalent to Ch$17,45552 per share be distributed among its 1,079,740,079 common shares, as follows:

•  Interim dividend N°14 of Ch$12,144,322,552, equivalent to Ch$11.24745 pesos per share paid on January 9, 2004 and

•  An additional and final dividend of Ch$6,703,101,992, equivalent to Ch$6,20807 pesos per share.

If the final dividend proposal is accepted at the General Ordinary Shareholders Meeting, it will be payable on May 11, 2004.

Quiñenco S.A., a leading Chilean business conglomerate, is the controlling entity of a portfolio of companies involved in financial services, food and beverage, telecommunications, manufacturing and real estate and hotel administration.