Exhibit 8.1 Significant Subsidiaries The following table sets forth our significant subsidiaries as of the date of this Annual Report. Jurisdiction of Percentage Name of Company Establishment Owned - --------------- ------------- ----- CIBSA Mexico 99.99 Coca-Cola FEMSA Mexico 45.70(1) Propimex, S.A. de C.V.................................................. Mexico 45.70 Inmuebles del Golfo, S.A. de C.V....................................... Mexico 45.70 Refrescos y Aguas Minerales, S.A. de C.V............................... Mexico 45.70 Coca-Cola FEMSA de Buenos Aires, S.A................................... Argentina 45.70 Corporacion Interamericana de Bebidas, S.A. de C.V. (Panamco).......... Mexico 45.70(2) Emprex Mexico 99.99 FEMSA Cerveza Mexico 70.00 Cerveceria Cuauhtemoc Moctezuma, S.A. de C.V........................... Mexico 70.00 Cervezas Cuauhtemoc Moctezuma, S.A. de C.V. ........................... Mexico 70.00 FEMSA Comercio Mexico 100.00 Cadena Comercial Oxxo, S.A. de C.V..................................... Mexico 100.00 Impulsora de Mercados de Mexico, S.A. de C.V........................... Mexico 100.00 FEMSA Empaques Mexico 100.00 Fabricas Monterrey, S.A. de C.V....................................... Mexico 100.00 Grafo Regia, S.A. de C.V............................................... Mexico 100.00 Silices de Veracruz, S.A. de C.V....................................... Mexico 100.00 Vendo de Mexico, S.A. de C.V........................................... Mexico 100.00 __________________ (1) FEMSA owns 53.60% of the capital stock with full voting rights. (2) This entity was acquired on May 6, 2003.