EJCSAV
ESSENTIAL FACT
Compañía Sud Americana de Vapores S.A.
Registration of Securities Registry No. 76
Santiago, March 21, 2023
Mrs. Solange Berstein Jáuregui, President of the Commission for the Financial Market, Av. Liberator Bernardo O’Higgins 1449, present:
Ref.: Communicates ESSENTIAL FACT.
Dear Madam President:
Hereby, in accordance with the provisions of letter b) of Article 147 of Law No. 18,046 on Corporations (“LSA”) and General Rule No. 30 of your Commission, duly authorized for this purpose, I inform as an Essential Fact of Compañía Sud Americana de Vapores S.A. (the “Company”) that, At the Board meeting held on this date, a new Policy on Regularity of Operations with Related Parties of the Company was approved, which is attached to this as an annex.
This Policy will be available to the Company’s shareholders at the Company’s registered offices and on the Company’s website.
Sincerely yours,
Pun Martinez
General Manager
Compañía Sud Americana de Vapores S.A.
c.c.: Santiago Stock Exchange, Stock Exchange, Chilean Electronic Exchange, Stock Exchange
Av. Apoquindo 2827, 14th floor, Las Condes, Santiago
Phone: (56-2) 2588 6000
Compañía Sud Americana de Vapores S.A.
www.csav.com
Regularity Policy for Related Party Operations
COMPAÑÍA SUD AMERICANA DE VAPORES S.A.
At the Board meeting held on March 21, 2023 and in accordance with the provisions of letter b) of Article 147 of Law No. 18,046 on Corporations (“LSA”), this policy of regularity was approved regarding the usual ordinary operations of the corporate line of COMPAÑÍA SUD AMERICANA DE VAPORES S.A. (“CSAV” or the “Company”) with related parties.
The purpose of this habituality policy is to determine the usual operations of CSAV that, being ordinary in consideration of its corporate line, may be carried out, executed and / or celebrated with related parties, without the need to comply with the requirements, formalities and procedures established in numerals 1 to 7 of article 147 of the LSA, to the extent that such operations are intended to contribute to the social interest and are adjusted in price, terms and conditions to those that prevail in the market at the time of their conclusion.
1. CSAV Social Turn.
Given the nature of CSAV’s current activities and operations, which are strongly linked to its participation in the German shipping company Hapag-Lloyd AG, with an emphasis on its financing, the Board of Directors has deemed it appropriate to update the Company’s policy of normal operations, identifying certain operations that, in accordance with article 147 letter b) of the LSA, They remain ordinary activities in consideration of their social turn.
2. Regularity Policy.
All operations, acts, contracts, conventions and/or business that CSAV carries out with related parties, whatever the duration, extension and/or periodicity of their contracting, will be considered habitual operations, to the extent that said operations are framed within the activities indicated in numeral 1 above, and/or are necessary for the normal development of the Company’s activities. in the development of its corporate business, all subject to the limitations of amount and other applicable legal and regulatory restrictions.
Among the usual operations of the social turn of CSAV, which are carried out with related parties, are the following:
– Contracting of services related or complementary to the social sector, such as financial advisory services; legal services of any nature; computer and telecommunications services; among others.
– Operations of the financial and investment administration that CSAV executes with national or foreign banks and financial institutions, such as: (i) operate in bank current accounts and draw on credit lines associated with such contracts, (ii) placements, covenants, term deposits, investments in mutual funds and other financial, fixed or variable income investments, (iii) collection, payment and funds transfer operations and commissions, (iv) international foreign exchange operations, (v) issuance of guarantee slips and vouchers, (vi) custody of securities, and (vii) securities brokerage operations, with stockbrokers. Financial derivatives, bonds and credit transactions are excluded from this policy.
Without prejudice to other control mechanisms, Management shall report to the Directors’ Committee on the usual transactions listed above on a semi-annual basis.
This policy of regularity replaces the one approved at the Board meeting No. 5631 of June 26, 2012 and reported as an Essential Fact on that same date.
3. Survival.
This customary policy will enter into force on this date and will remain in force as long as the CSAV Board of Directors does not agree to its modification.
Santiago, March 21, 2023.
Av. Apoquindo 2827, 14th floor, Las Condes, Santiago
Phone: (56-2) 2588 6000
Compañía Sud Americana de Vapores S.A.
www.csav.com
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=3e42b8be004e32ecabd1806f9fd26bdfVFdwQmVVMTZRWHBOUkVWNFQwUnJlazlCUFQwPQ==&secuencia=-1&t=1682376108
