Cencosud S.A.

Open Joint Stock Company

Registration in the Securities Registry N°743

DIVIDEND DISTRIBUTION

Shareholders are informed that at the Ordinary Shareholders' Meeting of Cencosud S.A. (the "Company") held on April 28, 2023, it was agreed, among other matters, to distribute a final dividend charged to the net distributable profit for the 2022 fiscal year for a total amount of $288,945,891,554, which represents 49.91373% of the distributable net profits, equivalent to $103 per share. The distribution of the aforementioned profits will be made through: (i) The distribution of a mandatory minimum dividend in the amount of $61.98154 per share, to be paid as of May 10, 2023; plus (ii) the distribution of an additional dividend in the amount of $41.01846 per share, to be paid as of May 10, 2023.

Those shareholders who are holders of shares registered in their name in the Company's Shareholder Registry at midnight on the fifth business day prior to the date of the dividend payment, i.e., at midnight on May 4, 2023, will be entitled to receive these dividends.

Payment to shareholders will be made through Servicios Corporativos S.A. (SerCor) according to the following alternatives:

(i) By means of a nominative check that must be withdrawn at the offices of SerCor, located at El Golf N.° 140, 1st Floor, Las Condes district, Santiago, from Monday to Friday, between 9:00 and 13:00 hours, upon identification of the shareholder.

(ii) In case the shareholder(s) reside outside of Santiago, dividends will be paid by means of a nominative check issued in the name of the shareholder, which, upon written request of the shareholders, may be (a) sent by certified mail to the address they have registered with the Company, or (b) paid through deposit or electronic transfer to a current or savings account registered in the name of the shareholder. Shareholders who do not request the aforementioned mailing in writing must withdraw their check at the offices of SerCor, located at El Golf N.° 140, 1st Floor, Las Condes district, Santiago from Monday to Friday, between 9:00 to 13:00 hours, upon identification.

All checks will be issued computationally, thus avoiding any adulteration, and shareholders must sign a receipt, expressing agreement with the payment.

Notwithstanding the above, shareholders may choose to receive the payment of their dividends by deposit or electronic transfer to a current account, and must request it in writing to SerCor, at the email address [email protected], providing that company with the necessary data to proceed in this way.

For tax purposes, this dividend constitutes income for taxpayers of the global complementary or additional tax, depending on the domicile or residence of the shareholder.

THE PRESIDENT