EN 
ES 
Dear Participants,
We would like to inform you that due to the final dividend payment that Parque Arauco S.A. ("Parque Arauco" or the "Corporation") and due to final dividend distribution No. 31 (the "Final Dividend"), the Corporation's Board in a meeting held on February 24, 2022 (the "Board Meeting") has agreed to call a General Shareholders' Meeting for April 4, 2022 (the "Shareholders' Meeting"). If the Shareholders' Board agrees to pay the final dividend, those shareholders that are registered as such in the corresponding registry as stated in letter c) (the "Shareholders") that wish to make use of it and that still have not communicated their decision to the Corporation, will have available a procedure to pay the Substitutive Tax for Final Taxes (this is, a global, supplementary or additional global tax for the accumulated profits in the Taxable Profits Funds ("ISFUT")) for the accumulated profits in the Total Balance of the Taxable Profits ("STUT"). If the Final Dividend is approved by the Shareholders' Meetings, it will be communicated as an Essential Fact by Parque Arauco on April 4, 2022.
Considering the above, we wish to inform the following:
- According to Official Letter 2762, Shareholders can choose to pay the ISFUT with a 30% rate on a part of or the entire balance of the STUT that PARQUE ARAUCO as a taxpayer subject to the first category tax determined based on full accounting records, keeps at the end of the business year of 2021, with a deduction as credit of the corresponding first category tax. Based on the above, after the deduction of such credits, it is informed that the effective rate on the amount subject to the ISFUT regime in the case of Parque Arauco is 11.4595%.
- The payment of the ISFUT allows considering the payment of the supplementary tax or additional global tax as completed, as appropriate. It may be distributed by Parque Arauco, giving preference to other revenue without being subject to the general orders of allocations considered in the Tax Income Law.
- Considering the above, regarding the Final Dividend Payment to be approved in the Shareholders' Meeting, shareholders may instruct the Corporation to pay the ISFUT for the entire or part of the Final Dividend that corresponds to them, according to the number of shares registered under their name, by midnight of April 09, 2022.
- Those shareholders that decide not to pay the ISFUT will receive the entire Final Dividend agreed in the Meeting, and these dividends will be subject to the general tax rules applicable to these types of income (according to article 14 A No. 4 of the Income Tax Law and Circular No. 73 of 2020, of SII.) The same will apply to those shareholders that have not communicated on time their decision to pay or not to pay the ISFUT to the Corporation.
- The Shareholders that instruct Parque Arauco to pay the ISFUT for all or part of the shares under their name by midnight of April 9 will authorize that 11,4595% of the amount of the Final Dividend Dividend that belongs to them in account for those shares is used by Parque Arauco to pay for the ISFUT. In this way, these Shareholders will be in charge of the payment of the corresponding amount of that tax.
- For this, the previously mentioned Shareholders must send the "Payment Instructions for the Substitutive Tax For Final Taxes (ISFUT)" form to the Corporation by April 12, 2022, at 2 p.m. After that date, we will assume that those Shareholders that have not sent those instructions have chosen to keep their corresponding Final Dividend under the general tax regimen applicable to that income.
- These instructions must be completed according to the attached guidelines by April 12, 2022, at 2 p.m. at:
This email address is being protected from spambots. You need JavaScript enabled to view it. with a copy toThis email address is being protected from spambots. You need JavaScript enabled to view it. .
This information and the mentioned instructions have been published at Parque Arauco's website and DCV Registros'
website (www.dcv.cl), in the "Newsletter" section under the "News Center" menu.
Instructions Form for the ISFUT
payment option of Parque Arauco
Statement Letter on the Payment of the Substitutive
Tax For Final Taxes (ISFUT)" of Parque Arauco
The information provided in this document has been outlined based on Law 21 210 and the information contained in Circulars 43/2020 and 39/2021 and Official Letters 215/2021 and 2762/2021 (this as indicated before), and 762/2022 from the Internal Revenue Service - SII. Parque Arauco does not issue any opinions on the convenience of choosing a specific tax treatment for the issues addressed in this document. It is not responsible for the decisions shareholders may make in those regards. Under no circumstance may this document be understood as tax, financial, accounting, legal, or other advice.
PARQUE ARAUCO recommends its shareholders to check their tax and legal situation before making any decisions regarding the issues addressed in this document and encourages them to obtain independent advice to make an informed decision.
Should you have any questions, please contact
your executive or send us an email to:
