CM PCE
Santiago, January 5, 2023
Gentlemen
Financial Market Commission
PRESENT
ESSENTIAL FACT
Empresas CMPC S.A.
Registration of Securities Registry No. 115
Dear Sir or Madam,
By virtue of the provisions of article 9 and second paragraph of article 10 of the Securities Market Law, I hereby communicate as essential information the following:
1. In August 2017, the Company announced the halt and repair of the recovery boiler of the Guaíba 2 pulp mill in the State of Rio Grande do Sul, Brazil, which was damaged as a result of an incident that affected it earlier that year.
2. Subsequently, in October 2017, the Company reported that the insurer Mapfre Seguros Gerais S/A had denied coverage to the claim, so the Company filed an arbitration claim in Sao Paulo, Brazil.
3. In January 2021, the decision of the Arbitral Tribunal that hears this process was made public, in which it ruled that the indicated loss did have coverage of the contracted policy, leaving for a later discussion the extension and valuation of the damages to be compensated to CMPC.
4. With this date, the Board of Directors heard and approved an out-of-court settlement reached with the insurer and reinsurer of the incident, by which CMPC will be compensated for the physical damages and loss of profits suffered as a result of the incident, for a total amount of 215 million dollars, a figure that at the time of being paid must be deducted the corresponding taxes.
5. Once full and total compliance with the agreement described is accredited, the arbitration process will be terminated, thus closing the indicated claim.
Yours sincerely yours,
C.C.: Santiago Stock Exchange, Bolsa de Comercio de Santiago, Stock Exchange
Bolsa Electrónica de Chile, Chilean Stock Exchange
Risk Classification Commission
Agustinas 1343, Santiago Chile
Phone (56-2) 244 12 000
www.cmpc.cl
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=03f27433140f0552e862f9814aa46547VFdwQmVVMTZRWGhOUkVGM1RsUmpNRTEzUFQwPQ==&secuencia=-1&t=1682376108
