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CELULOSA ARAUCO Y CONSTITUCION S.A. 2022-12-29 T-18:11

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ESSENTIAL FACT
CELULOSA ARAUCO Y CONSTITUCIÓN S.A.
Registration of Securities Registry N*42

Santiago, December 29, 2022

Gentlemen
Financial Market Commission
PRESENT

Dear Sir or Madam:

The undersigned, on behalf of the closed corporation Celulosa Arauco and
Constitución S.A. (the “Company”), both domiciled in the Region
Metropolitana, Avenida El Golf N* 150, piso 14, comuna de Las Condes, Santiago,
company registered in the Securities Registry with N* 42, RUT N* 93.458.000-1, and
being duly authorized, communicates to you the following information
essential with respect to the Company and its business, pursuant to the provisions of the
Article 9 and paragraph 2* of Article 10%, both of Law N? 18.045, and in the Standard of
General Character N* 30 of that Commission.

As of today, the process of feeding or loading chips has begun.
of the digester of Line 3 of the Plant Modernization and Expansion Project
Arauco (“MAPA”), thus initiating its implementation and process of
Production of cellulose in this line.

As reported, MAPA consists mainly of construction and
Operation of a new production line of 1,560,000 tons per year of
bleached eucalyptus cellulose (Line 3). In addition, the Project may
self-supply of electrical energy in its operation, generating a surplus of

Mo.

ARQAUCO

approximately 132 Megawatts of renewable energy based on forest biomass.
As a result, the Project also considered the construction of a
electrical transmission and its respective connection works to the Electrical System
National (SEN). Likewise, the Project contemplated the cessation of operations of the
Line 1 of Planta Arauco, which occurred in January 2022.

With the start of operations of Line 3, added to the pulp production of
Line 2 pine currently in operation, the Arauco Plant will reach a
Total production capacity of approximately 2,100,000 tons per year
of cellulose.

Without further ado, yours sincerely, –
is

Matthias Domeyko Cassel

Executive Vice President
Celulosa Arauco y Constitución S.A.

CC. – Santiago Stock Exchange. La Bolsa N* 64, Santiago
– Electronic Stock Exchange of Chile. Huérfanos 770, 14th floor, Santiago
– Representative of Bondholders (Banco Santander). Flag 140,
Santiago
-Trade unions

Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=59065df451ef93013810c3c27acef338VFdwQmVVMXFSWGxOUkZFMVQxUlpORTFSUFQwPQ==&secuencia=-1&t=1682376108

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