to Scotiabank
ESSENTIAL FACT
Scotiabank Chile
Santiago, April 29, 2022
Gentlemen
Financial Market Commission
Present
From our consideration:
In accordance with the provisions of Article 14% of the General Banking Law,
Articles 9% and 10% of Law No. 18,045 on the Securities Market and the provisions of the
Chapter N*18-10 of the Commission’s Updated Collection of Standards for
Financial Market, I communicate to you, as essential information of
Scotiabank Chile (the “Bank”), the following:
With this date, the purchase by The Bank of Nova has materialized
Scotia (“BNS”), controlling shareholder of the Bank, to Inversiones Caburga Limitada,
Inversiones del Pacífico S.A., Inversiones Santa Virginia Limitada, Inversiones Corinto
SpA, Inversiones Valparaíso SpA and Inversiones SH Seis Limitada, hereinafter the “Group
Said”, of its entire shareholding in the Bank, equivalent to 16.76%
of the subscribed and paid shares thereof (the “Shares”), through an exchange
by BNS common stock and cash. In that way, BNS has increased its
participation in the Bank from 83% to 99.8%.
In addition, with this same date, the transfer of the
Shares by BNS to Nova Scotia Inversiones Limitada, holding company through
of which it maintains its participation in the Bank.
By virtue of the reported transaction, the Said Group has become a
relevant shareholder of BNS and will maintain its participation in the Bank’s Board of Directors.
Without further ado, he greets you sincerely.
Digitally signed by
FL) Rafael Bilbao Deramond
YyF ] Date: 2022.04.29
– 18:02:51 -04’00’
Rafael Bilbao Deramond
Prosecutor
Scotiabank Chile
c.c.: Santiago Stock Exchange – Stock Exchange
Bolsa Electrónica de Chile – Chilean Stock Exchange
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=cba21912d37be74af6b1e89667d71f82VFdwQmVVMXFRVEJOUkVVeVQwUlpORTlSUFQwPQ==&secuencia=-1&t=1682376108
