EN 
ES 
Dear CCU shareholders:
We hereby inform you that as a result of the payment of the interim dividend (the "Interim Dividend") agreed at the Board of Directors' Meeting of Compañía Cervecerías Unidas S.A. ("CCU" or the "Company") held on November 6, 2024 (the "Meeting"), to which the shareholders who appear as such in the respective registry until the date indicated in letter c) below (the "Shareholders") are entitled, CCU makes available to those Shareholders who so wish, and who have not yet communicated their will to the Company, a procedure so that they may elect to pay the Substitutive Tax for Final Taxes (i.e., global complementary or additional tax substitute) with respect to the lesser of the accumulated profits generated up to December 31, 2016 or the accumulated taxable profits generated as of 2017, of CCU ("ISIF"), in accordance with the provisions of Articles 10 and 11 of Law No. 21681 and the instructions issued by the Chilean Internal Revenue Service ("SII"), in particular, those contained in Circular No. 34 of July 2024, Exempt Resolution No. 76 of July 2024, and in Ordinary Official Letter No. 2150 of November 2024 ("the SII instructions").
Considering the above, we wish to inform the following:
- According to the instructions from SII, Shareholders can choose to pay the ISIF with a 12% rate on the part of or the entire balance of the accrued taxable profit until December 31, 2023; that CCU, as a taxpayer subject to the first category tax determined based on full accounting records, without deduction as credit of the corresponding first category tax.
- The payment of the ISIF allows for consideration of the payment of the supplementary or additional global tax as completed, as appropriate, and may be distributed by CCU, giving preference to other revenue and without being subject to the general orders of allocations considered in the Tax Income Law.
- Due to the above, regarding the payment of the Interim Dividend agreed to be distributed in the session 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, Shareholders may instruct the Corporation to pay the ISIF for the entire or part of their corresponding Interim Dividend, according to the number of shares under their name by midnight of November 22, 2024. This taking into account that such dividends will be taxed against accumulated profits through December 31, 2023, as described above.
- Those shareholders that decide not to pay the ISIF will receive the entire Interim Dividend agreed in the session, and these dividends will be subject to the general tax rules applicable to this type of income (according to article 14 A No. 4 of the Income Tax Law and Circular No. 73 of 2020, of SII.) The same applies to those shareholders who have not communicated their decision to pay or not to pay the ISIF to the Corporation on time.
- The Shareholders that instruct CCU to pay the ISIF for all or part of the shares under their name by midnight of November 22 of this year will authorize that a 12% of the amount of the Interim Dividend that belongs to them in account for those shares is used by CCU to pay for the ISIF. Accordingly, such Shareholders will bear the cost of the payment of such tax for the amount corresponding to them, as ratified by SII through Official Letter No. 2150 dated November 7, 2024, issued by such institution.
- Since, up to date, there have not been any requests made by shareholders to exercise this option, we would like to remind the above-mentioned shareholders that wish to exercise this option that they must send the "Payment Instructions for the Substitutive Tax for Final Taxes (ISIF)" form to the Corporation. For administrative purposes, we would like to remind you to do so by 12:00 p.m. (noon) on November 25, 2024. After that date, we will assume that those Shareholders who have not sent those instructions have chosen to keep their corresponding Interim Dividend under the general tax regimen applicable to that income.
- 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 market information on CCU's investors' website (www.ccuinvestor.com), under publications, useful market information, and on DCV Registros' website (www.dcv.cl), under "Newsletters" in "News Center."
Instructions Form for the ISIF payment option of
Compañía Cervecerías Unidas S.A.
Instructions information letter for the ISIF Payment Option of
Compañía Cervecerías Unidas S.A.
THE INFORMATION PROVIDED IN THIS DOCUMENT HAS BEEN PREPARED ON THE BASIS OF THE PROVISIONS OF LAW NO. 21681, CIRCULAR NO. 34/2024 OF SII, EXEMPT RESOLUTION NO. 76/2024 AND SII ORDINARY OFFICIAL LETTER NO. 2150/2024, PARTICULARLY THE LATTER IN ACCORDANCE WITH THE FOREGOING.
ALTHOUGH THIS INFORMATION HAS BEEN PUBLISHED AS USEFUL INFORMATION, CCU DOES NOT ISSUE ANY OPINION 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.
CCU RECOMMENDS THAT ITS SHAREHOLDERS 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.
COMPAÑÍA CERVECERÍAS UNIDAS S.A.
For more information, please contact the
Shareholders' Service Department.
