EN 
ES 
Dear Participants,
We would like to inform you that due to final dividend payment No. 264 (the "Final Dividend") agreed in the Shareholders' Annual General Meeting of Compañía Cervecerías Unidas S.A. ("CCU" or the "Corporation") held on April 13, 2022 (the "Meeting") to which all shareholders that are registered as such by the date indicated in letter c) (the "Shareholders"), that CCU will make available for those shareholders that wish to make use of it, and that have not yet communicated their decision to the Corporation, 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 of CCU ("ISFUT"), according to the considerations in provisional article 25 of Law 21210 and the instructions provided by the Internal Revenue Service ("SII"), specifically, those contained in Circulars 43 of 2020 and 39 of 2021 and Official Letters 215 and 2762 of 2021 (the "SII instructions.")
Considering the above, we wish to inform the following:
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According to the instructions of SII, Shareholders can choose to pay the ISFUT with a 30% rate on a part or the entire balance of the accrued taxable income generated until December 31, 2016; that CCU as a taxpayer subject to the first category tax determined based on full accounting records, keeps at the end of the business year of 2020 or 2021, with a deduction as credit of the corresponding first category tax. Based on the above, after allocating such credits, it is informed that the effective rate on the amount subject to the ISFUT regime in the case of CCU shareholders is 12.5553%.
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The payment of the ISFUT allows considering the payment of the supplementary or additional global tax as completed, as appropriate. It may be distributed by CCU, giving preference to other revenue without being subject to the general orders of allocations considered in the Tax Income Law. After filing and paying the ISFUT, taxation requirements will be met with the income tax on the amounts distributed subject to the ISFUT regime..
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Due to the above, regarding the payment of the Final Dividend agreed to be distributed in the Meeting and after the cut-off date for its payment and as a way to provide certainty to the exercise of this option according to the instructions of SII, the Shareholders may instruct the Corporation to pay the ISFUT for the entire or part of their corresponding Final Dividend, according to the number of shares under their name by midnight of April 22, 2022.
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Those shareholders who decide not to pay the ISFUT will receive the entire Final Dividend agreed upon in the Meeting, and their corresponding profits 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.
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The Shareholders that instruct CCU to pay the ISFUT for all or part of the shares under their name by midnight of April 22, 2022, will authorize that 12.5553% of the amount of the Final Dividend that belongs to them in account for those shares be used by CCU to pay for the ISFUT. In this way, these Shareholders will be in charge of the payment of the corresponding amount of that tax.
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Since up to date, there have not been any requests made by shareholders to exercise this option, we would like to remind the abovementioned Shareholders that wish to exercise this option that they must send the "Payment Instructions for the Substitutive Tax for Final Taxes (ISFUT)" form to the Corporation. For good administrative purposes, we would like to remind you to do so by midnight on April 25, 2022. After that date, we must assume that the Shareholders that have not sent the instructions have chosen to keep their Final Dividend under the general tax regimen applicable to that income.
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Due to the above, these instructions must be completed according to the attached instructions and sent to the following email address:
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 as "Useful Information for the Market" on CCU's investors' website (www.ccuinvestor.com), in the "Publications" menu, under the "Information for the Market" section; and on DCV Registros' website (www.dcv.cl) in the "Newsletter" section under the "News Center" menu.
Instructions Form for the ISFUT payment option of
Compañía Cervecerías Unidas S.A.
Statement Letter on the Payment of the Substitutive Tax For Final Taxes (ISFUT)” of
Compañía Cervecerías Unidas S.A.
For more information, please contact the
Shareholders' Service Department.
