Cencosud S.A. is controlled directly and indirectly by Mr. Horst Paulmann Kemna. Mr. Paulmann is the direct owner of approximately 2.457% of Cencosud S.A. shares and also controls indirectly 51.773% of Cencosud S.A. shares as the managing partner of Inversiones Quinchamali Limitada, corporation which is the direct owner of approximately 20.039% of Cencosud S.A. and has a controlling stake through his role of managing partner of Inversiones Latadia Limitada (direct owner of roughly 19.239% of Cencosud S.A.) and Inversiones Tano Limitada (direct owner of approximately 10.036% of Cencosud S.A.).
The members of Mr. Horst Paulmann Kemna’s family are also partners in Inversiones Quinchamali Limitada, and even direct owners of 1.480% additional Cencosud S.A. shares, which in total brings the direct and indirect participation of Mr. Horst Paulmann Kemna and his immediate family in Cencosud S.A. is over 53.253%. The remaining shares are listed on the Santiago Stock Exchange.