LarranVial*”
ASSETS
Santiago, May 31, 2022
Mr.
Financial Market Commission
PRESENT
ESSENTIAL FACT
INVESTMENT FUND DRAKE REAL ESTATE PARTNERS FUND lll
Administered by
Larraín Vial Activos S.A. Administradora General de Fondos
From our consideration:
By virtue of the provisions of article 9* and the second paragraph of article 10* of the
Law No. 18.045, in relation to Article 18 of Law No. 20.712, finding myself
duly authorized, I hereby inform you as an essential fact of FUND.
INVESTMENT DRAKE REAL ESTATE PARTNERS FUND lll (the “Fund”), which dated 30
May 2022 the following Ordinary and Extraordinary Assemblies of
Contributors to the Fund, in which the detailed agreements were adopted, among others.
Next:
A. Ordinary Assembly of Contributors:
1. The annual account of the Fund relating to its management and administration was approved, and
the Financial Statements of the same;
2. The distribution of final dividends charged to the
Net Profit Received for the year ended 31
December 2021, which will be paid in full from the
Provisional dividends distributed during the year 2021, given by
complied with the provisions of article 80 of the Law.
3. The annual account of the Audit Committee was approved;
4, The members of the Supervisory Committee were elected, which was composed
by the following persons:
11/ Martin Fontecilla;
/1i/ Nicolás Ulloa Picasso; and
/11i/ Andrés Echeñique.
5. It was agreed to fix remuneration for the members of the Supervisory Committee
of 20 gross Development Units for each session they attend, with a
maximum limit of 4 sessions per year;
6. It was approved to establish a budget for the Supervisory Committee of the Fund for
the year 2022 of 200 Development Units;
LarranVial*”
ASSETS
7. Appointed as the Fund’s external audit firm for the financial year
2022 to Grant Thornton; and
8. It was agreed to appoint as independent consultants for the valorization of
the Fund’s investments in 2022 to Pacto Capital.
B. Extraordinary Assembly of Contributors,
1.Se agreed to amend the existing text of the Fund’s Rules of Procedure in
The following are referred to: (i) Title VIl “Contribution and Appreciation of Quotas”, and (ii) Title
Vill “Corporate Governance Standards”; and
2.Se agreed to a capital decrease of the Fund under the terms of Title X.
its Rules of Procedure.
3.Se agreed to adopt the other agreements necessary to implement the decisions.
of the Assembly.
Yours faithfully yours faithfully,
Claudio Yáñez Fregonara
General Manager
LARRAÍN VIAL ACTIVOS S.A.
ADMINISTRADORA GENERAL DE FONDOS
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=d21de442b86703b03df26c6a911c16a6VFdwQmVVMXFRVEZOUkVsNFRYcEplazVuUFQwPQ==&secuencia=-1&t=1682376108
