FORWARD DCV REGISTROS CUSTODIA INTERNACIONAL CUSTODIA NACIONAL

2 1. The Company 2. Principal services provided by DCV a. National Custody b. International Custody c. Forward d. DCV Registros 4. Quality Services 3. On going Projects

Depósito Central de Valores S.A., (DCV) is a Stock Corporation established in accordance with the Law ; its regulation and the instructions imparted by the Superintendence of Securities and Insurance (SVS). DCV is authorized to accept publicly offered securities for deposit, thus enabling the transfer operations related to those securities among participants in conformity with the procedures established in the mentioned law. DCV 22 YEARS INNOVATING IN THE CAPITAL MARKET 3

INCORPORATION Private entity created in March 1993, commencing operations in September LEGAL FRAMEWORK Law and DL Regulation. SUPERVISION Superintendence of Securities and Insurance 4

MISSION To provide infrastructure for custody, settlement and other complementary services for the securities market, both locally and internationally, meeting the highest standards of security, availability, efficiency and quality. 5 VISION Be a highly efficient entity, providing a top quality service, leading the development and innovation of services for the capital market, both locally and internationally.

2 STRATEGIC BUSINESS UNITS 6

DCV OWNERSHIP 7 Sociedad Interbancaria de Depósito de Valores S.A. (Banks) Inversiones DCV S.A. (PFA) Santiago Stock Exchange DCV Vida S.A. (Insurance Company) Inversiones Bursátiles S.A. (Electronic Stock Market) Valparaiso Stock Exchange and others 30% 1%6%10%23%

The Company DCV BOARD OF DIRECTORS Chairman: Sergio Baeza V. Directors: Jorge Claude B. | Arturo del Río L. | Mario Gómez D. | José A. Martinez Z. | Fred Meller S.| Juan C. Reyes M. | Guillermo Tagle Q.| Manuel Bulnes M. 8 Vice chairman: Arturo Concha U. General Manager: Fernando Yáñez G.

Corporate Governance DCV HAS 4 COMMITTEES OF THE BOARD Business Committee HR and Compensation Committee Audit and Operational Risk Committee Technology and Processes Committee 9

Regulating Entities  External Audit(KPMG)  Surveillance Committee  Superintendence of Securities and Insurance(SVS)  Superintendence of Pensions(SP) Insurance Policy: Amount insured: 0.1% of the amount kept in custody  FIPI (Professional Civil Liability) Employee fidelity  Terrorism D&O (Directors and executives)  Any operational risk Certifications and Qualifications  ITIL  COBIT  CISA Memberships  ACSDA (Americas’ Central Securities Depositories Association)  ANNA (Association of National Numbering Agencies)  ISSA (International Securities Services Association) 10 Other information  Thomas Murray A+  SSAE-16  BS  ISO  Adoption and implementation of the crime prevention model certified by BH Compliance Limitada Registered with the IRS to comply with FATCA (Foreign Account Tax Compliance Act) Registered as Single Financial Institution

Rating Thomas Murray A+ Bajo riesgo 11 A+ Liquidity Risk AA Asset Commitment Risk Counterpart y Risk A+ Asset Safety A+ Asset Servicing AA- Financial Risk AA- Operactional Risk AA Gobernance and transparency Risk A+

Chilean Securities Market Structure 12 Payment Systems Settlement Private Sector Central Bank of Chile, General Treasury of the Republic Social Security Institute Issuing World Commercial Banks Stock Corporations Participants Transaction Investor´s World Transaction Investor´s World DCV REGULATORY BODY Santiago Stock Exchange Electronic Stock Market Valparaíso Brokers Market OTC Market LBTR (BCCh) Combanc CCLV Public Sector

13 Principal Services provided by DCV

Principal Services 14 FORWARD INTERNATIONAL CUSTODY National Custody DCV REGISTROS Securities Custody (public and private) Registry and settlement Corporate Actions Desmaterialized Issues Electronic Registry of Pledges Securities Custody MILA B.V.E. Registry and Reports Electronic Signatures Custody POA Adm. Reg. of Shareholders and Contributors Investment Funds Mutual Funds Central Trade Manager (CTM) ALERT Mutual Funds Quotas Custody Statistical Reports Copy for Information (CFI)

[ [ DCV carries out the role of custody of securities in position accounts: Own securities account Third party securities account Pooled accounts Nominative or Individual Accounts (principals account) Inventory account ; active affiliates recognition bonds (BRAA) 15 NATIONAL CUSTODY

DCV records transactions electronically and enables the transfer of ownership, as a result of the transactions performed by its participants: Stock Markets Over-the-Counter(OTC). DCV enables the settlement of operations, delivering the securities and connecting with the funds payment systems. [ [ 16 NATIONAL CUSTODY

[ [ DCV organizes capital events Programed or non-programed. Coupon payment Issue maturity date Partial prepayment Issue prepayment Dividend payment 17 NATIONAL CUSTODY

[ [ DCV offers dematerialized issues registration services for publicly offered securities, enabling the primary placement of same. 18 NATIONAL CUSTODY

[ [ Through the dispatch of electronic instructions, DCV allows clients to inform the registry and redemption of pledges constituted by or in favor of Principals. 19 NATIONAL CUSTODY

20 [ [ The Statistical Reports Service provides information related to financial instruments that participants hold in custody. NATIONAL CUSTODY

Statistical Reports 21 Custody Transactions Instruments Catalogue Maturity dates per type Pledged Instruments Type of Instruments Issued

Participants Total: 189 participants 22 Stock brokers 41 Life insurance companies 33 General insurance companies 29 General fund administrators 24 Commercial banks 24 Stock corporations 10 Pension fund administrators 6 Security depositories 4 Security agencies 3 Government entities 3 Stock markets 3 Other companies 9 NATIONAL CUSTODY

Balance of the total investment portfolio deposited with DCV at February 2014:  UF 6,990 million.  US$ billion. The total investment portfolio deposited is broken down as follows:  95.5% by instruments issued in dematerialized form.  4.5%, issued in physical form. 23 Volumes in custody NATIONAL CUSTODY

24 INTERNATIONAL CUSTODY The international custody service allows participants who invest in securities abroad to maintain those investments in custody through DCV in a similar way as happens with the national custody of securities. Global Custodians Network [ [

25 INTERNATIONAL CUSTODY FundSettle: Servicio de Inversión en Cuotas de Fondos Mutuos Internacionales. Allows operating with DTC in the foreign securities in Chile modality for the secondary market. Direct account in the USdepository for all transactions with the American market Direct account for transactions in Europe, settlement likely to be in Chilean pesos. Custody service for International Mutual Fund Quotas For operations in Colombia and Peru, free-of-payment and MILA project operations only. Allows operating in Latin America, Europe and Asia. It is also a settlement bank with DTC. For transactions in Mexico. Service of comparison of cross-border transactions, enabling the entire “post- trade” and “pre- settlement” process.

26 Omgeo Central Trade Manager (Omgeo CTM) is a service which has as its principal purpose is to make the communication between brokers and investors easier during the "post-trade and pre-settlement matching “ process of transactions [ [ INTERNATIONAL CUSTODY OMGEO

27 INTERNATIONAL CUSTODY OMGEO- Scope

28 The Forward service allows for the centralized and electronic registration, signature and custody of forward contracts subscribed by DCV participants. FORWARD [ [

29 Registration (2) Representatives’ signature (4) Agreement (1) Contract comparison (3) Contract comparison(5) Registration (2) Representatives’ signature (4) General Model Participant

Since the year 2000, DCV Registros has provided the market the services of Administration of shareholders and contributors’ registries. [ [ 30 DCV REGISTROS

31 Main services DCV REGISTROS DCV Registros administers the shareholders’ and contributors’ registries of more than 267 issuers of various industry sectors Transfer of shares and CFM Issuance and custody of securities Payment of dividends and payments to the fire department Registration of encumbrances and prohibitions Shareholders meetings Study of legal documentation Issuance of legal reports Exchange of shares, right to withdraw, etc.

32 Quality Services

In general, evaluate the performance of DCV systems in the past 2 weeks using a qualification assessment scale from 1 to 7, where 1 is very unsatisfied and 7 is very satisfied. Quality Services Survey Monthly evolution 33 Net % Base % (=) (+)(-) Average (=)

34 On going Projects

35 Detailed Project Information Description To allow DCV Depositors who are ComDer participants to register guarantees in favor of ComDer with securities deposited in DCV. Derivatives – Guarantees Clearinghouse Integration Electronic Pledge Registry, Bilateral Phase Statistical Service, New Reports CFM, Stock Contribution and Redemption Securities Lending Covenants Forward Contracts, BEC Integration Euroclear, FLI Provide participants or principals with functions that allow them to electronically instruct DCV regarding the registry and redemption of blocked securities deposited in the national custody position accounts. Enable new reports related to blocked securities, issued instruments and development tables. Provide facilities for participants to register operations that permit them to make investments in CFM with Contribution or Redemption of stock. Design a business model that allows DCV to enable and participate in securities lending. Assess the feasibility of using the Forward Contract repository to register Covenants. Enable the registration of Forward contracts traded on BEC’s transactional platform. Complementary to the International Custody service, specifically for securities likely to be kept in Euroclear, enabling the use of intraday credit to facilitate the settlement process of operations performed by DCV Participants.

36 Detailed Project Information Description Implement the Covenants service offered by DCV at BCCh using the ISO messaging over the Swift Network. ISO Phase 1 ISO Phase 2 / DCV Evolution Foreign Stock Exchanges, Settlement in Pesos Delay of VI Clearinghouse Closing Automatic Deposit and Withdrawal of Osas Implement the following list of services between DCV and BCCh using the ISO messaging over the Swift Network: Creation of Instruments Free-of-Payment Deliveries Deposits Redemptions Pledges Reports Delivery-Versus-Payment Capital Events The reutilization of services already implemented in the ISO project is considered for the DCV Evolution initiative, which also considers updating the National Custody System of Accounts and Trade Registration. Implement the transaction and settlement of Foreign Securities in local currency (Pesos). Assess the impact on DCV settlement system originated by the change of working hours of the Equity Clearinghouse (from 13:00 to 14:00 hrs.) Automate the deposit and withdrawal of Osas in position accounts.

37 Detailed Project Information Description Assess the impact of PH Clearinghouse Gross Withholding to Net Withholding change. PH Clearinghouse (gross to net withholding) Web Services Operations, Improvements Migration of PM/VI Clearinghouse to the Web Fixed Recognition Bonds Custody (BRAA) MILA Proxy Voting and Remote Voting Pre-LEI Assignment Modify the service so that it sends operations of all CCLV and BCS accounts. Migrate PM and VI clearinghouses from the APCWIN platform to the WEB standardizing the functionalities required by CCLV. Permits the immobilization of the physical securities of Asset Affiliate Recognition Bonds (BRAA) issued by the Social Security Institute (IPS) held with DCV, enabling an electronic transfer of the respective securities. The issue of dematerialized BRAA futures issued by the IPS is also enabled. Strengthen MILA on the following fronts: Global Custody Integration, MILA Electronic FROI, Corporate Governance Operations Committee and Commercial Initiatives. Establish a shareholders meeting system that allows for continuing to provide the service in the face of the expected business growth and which also allows for non-physical participation of shareholders. Design and enable a space in the DCV communication site which disseminates information to LEI code participants, its objectives and how to obtain it through GMEI.

38 Detailed Project Information Description Enable the custody of invoices traded in BPC in position accounts, and administration as a security considering the deposit, withdrawal, maturity administration and transaction processes. Custody and Settlement of Invoices in BPC Electronic Promissory Note MHE Custody Implement a service that allows receiving on deposit and the maintenance of Electronic Promissory Notes. Offer the physical custody service for the MHE instrument, part of the investment portfolio of investors such as Life Insurance Companies, GFA and Investment Companies, and other participants.

1.Administration of RA for emerging companies 2.Guarantee Bonds 3.Climate Exchange 4.Capital Risk Mining Exchange / DCV’s potential role 5.Collateral Certificates 6.Position Certificates to attend Events 7. Cumplo, Funding network among people (crowdfunding) 8.Custody of Digital Evidence 9.Custody of Mining Guarantees 10. Custody of Nominative Dematerialized DPF 11.International Custody of FFMM investment instalments 12.Bond Forwards 13.BCCH Stock and Derivatives Report 14.Auction-DCV services integration 15.List Chilean funds in FundSettle platforms 16.Collateral Management 17.Omgeo, Buy-side flow 18.Omgeo, Custodian Banks Integration 19.DVD Operation 20.International Securities Lending via Euroclear 21.FFMM Centralized Back office Service 22.Electronic Transfer 23.Portfolio Valuation Ideas Bank 39

Depósito Central de Valores S.A. Av. Apoquindo Nº 4001, Piso 12 Las Condes, Santiago. Tel: (56 2) – Fax (56 2) DCV Registros S.A. Huérfanos 770, Piso 22 Santiago Centro, Santiago. Tel: (56 2) – Fax: (56 2)