EN 
ES 
Dear Participants,
We would like to inform the shareholders that due to the final dividend payment that will be informed and subjected to voting in the General Shareholders' Meeting of Cemento Polpaico S.A., called for April 22, 2022, from 9:00 a.m. (the "Meeting"), Cemento Polpaico S.A. will make available for those shareholders that wish to make use of it, 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") of Cemento Polpaico S.A., 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 23 of 2020 and 39 of 2021 and Official Letters 215 and 2762 of 2021.
For such purposes, and subject to the condition that the General Shareholders' Meeting of Cemento Polpaico S.A. approves the distribution and its form of payment, we would like to inform the following:
- According to the instructions of SII, those shareholders whose shares are registered at the record date, this by midnight of April 23, 2022, may choose to support the ISFUT with a 30% rate on a part or the entire dividend qualified to be subject to this regime with a deduction as a credit of the first category tax that affected such profits. For this, Cemento Polpaico S.A. has set an Effective Rate of the FUT (ERF) of 0.204773.
- The payment of the ISFUT allows considering the payment of the supplementary or additional global tax as completed, as appropriate.
- Due to the above, shareholders individually may instruct Cemento Polpaico S.A. through the attached form to deduct the corresponding amount of the dividend to be distributed and use it to pay the 100% ISFUT on the total or part of the shares registered under their name by midnight April 23, 2022. In this way, these shareholders will be in charge of the payment of the corresponding amount of that tax. Based on the previously described information, the tax withholding percentage on the final dividend subject to the ISFUT will be 15.66589%.
- Those shareholders who decide not to instruct Cemento Polpaico S.A. to pay the ISFUT will receive the final dividend for the total amount agreed in the Shareholders' Meeting. These dividends will be subject to the general tax rules applicable to this type of income. The same will apply to those shareholders that have not communicated on time their decision to pay the ISFUT to Cemento Polpaico S.A.
- Those shareholders that are entitled to receive dividends and that wish to use this option must submit the "PAYMENT INSTRUCTIONS FOR THE SUBSTITUTIVE TAX FOR FINAL TAXES (ISFUT) FORM" by April 25, 2022, at 11:59 p.m. (Santiago de Chile time) to the following email addresses:
This email address is being protected from spambots. You need JavaScript enabled to view it. andThis email address is being protected from spambots. You need JavaScript enabled to view it. . After that date, it will be assumed 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. - Those shareholders who keep their shares in custody at a brokerage firm or a custodian bank must request that they submit the "PAYMENT INSTRUCTIONS FOR THE SUBSTITUTIVE TAX FOR FINAL TAXES (ISFUT) FORM." The instructions for each custodian or brokerage firm must be subject to the terms and conditions established by those companies.
This information and the mentioned instructions have been published on CEMENTO POLPAICO S.A.'s (https://www.polpaico.cl) website and DCV Registros' website (https://www.dcv.cl) in the "Newsletter" section under the "News Center" menu.
Form for the ISFUT payment option
of Cemento Polpaico S.A.
Statement Letter for the ISFUT Payment
Option of Cemento Polpaico S.A.
CEMENTO POLPAICO S.A. does not issue any opinion on the convenience of choosing a specific tax treatment for the issues addressed in this document, due to which it is not responsible for the decisions shareholders may make in those regards.
For more information, please contact
the Shareholders Service Department.
