Notification Regarding the Effectiveness of Voluntary Deregistration of American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE)

Cencosud S.A. ("Cencosud" or the "Company") announced today that the voluntary deregistration of its ADRs from the NYSE became effective prior to the commencement of trading on June 19, 2017 (Eastern Time), as scheduled, following the filing of its Form 25 with the Securities and Exchange Commission (SEC) on June 6, 2017, to delist from the NYSE. See details below.

Effective Date of Deregistration of ADRs from the NYSE

June 19, 2017

Stock Exchanges where Cencosud will maintain its registration

Cencosud will maintain its registration with the Santiago Stock Exchange, the Electronic Stock Exchange, and the Valparaíso Stock Exchange. The Company has not made any other arrangements for the registration of ADRs, ADSs, or ordinary shares on any other U.S. stock exchange or for the listing of such instruments on any other trading platform.

Future Plans

As previously reported, Cencosud has also instructed The Bank of New York Mellon (BNYM), as depositary, to terminate Cencosud's ADR program. The effective date of the termination of the ADR program is expected to be on or around June 30. Prior to such termination, ADR holders have the right to surrender their ADRs to BNYM for cancellation and, upon payment of applicable fees, taxes, and charges as set forth in the deposit agreement, receive the underlying ordinary shares of Cencosud. Following the termination of the deposit agreement, BNYM will discontinue the registration of ADR transfers and suspend dividend distributions to ADR holders. ADR holders should contact BNYM or, if they hold ADRs through a bank, broker, or other nominee, should contact their bank, broker, or nominee, with respect to any inquiries regarding the ADRs.

The Company's reporting obligations under the applicable U.S. securities laws will continue after the registration is terminated and the ADR program is terminated. Upon satisfaction of the applicable conditions for deregistration under the applicable U.S. securities laws, it is the intention of Cencosud to terminate its reporting obligations under the applicable U.S. securities laws and deregister all classes of registered securities. The Company intends to provide further information on such deregistration and termination of reporting obligations at a later date.

Cencosud reserves the right, for any reason, to delay these filings, to withdraw them prior to their effectiveness, or to otherwise modify its plans regarding deregistration, termination of the ADR program, and deregistration and termination of reporting obligations in any manner.