Plaza S.A. and Subsidiaries

PLAZA S.A. AND SUBSIDIARIES Consolidated Financial Statements Corresponding to the fiscal years ended December 31, 2016, 2015 and as of January 01, 2015 Consolidated Financial Statements PLAZA S.A. AND SUBSIDIARIES Corresponding to the fiscal years ended December 31, 2016, 2015 and as of January 01, 2015 Content: - Consolidated Statements of Financial Position - Consolidated Statements of Comprehensive Income - Consolidated Statements of Cash Flows - Consolidated Statements of Changes in Shareholders’ Equity - Notes to the Consolidated Financial Statements Plaza S.A. - Closed Corporation Registration in the Securities Registry No. 1,028 2 PLAZA S.A. AND SUBSIDIARIES Consolidated Statements of Financial Position Corresponding to the fiscal years ended December 31, 2016, 2015 and as of January 01, 2015. (In thousands of pesos) As of December 31 As of December 31 As of January 01 ASSETS Note 2016 2015 2015 ThCh$ ThCh$ ThCh$ Assets Current assets Cash and cash equivalents 6 21,736,409 32,176,051 15,775,977 Other current financial assets 1,185,815 1,364,001 1,425,982 Other current non-financial assets 7 28,796,028 28,090,973 41,767,454 Trade and other current receivables 8 41,983,806 59,156,652 40,073,538 Current account receivable from related parties 9.1 23,019,765 4,857,423 4,618,879 Current tax assets 11 10,870,789 7,812,368 10,827,777 Total current assets in operation 127,592,612 133,457,468 114,489,607 Non-current assets held for sale 2,596,733 2,610,489 2,608,955 Total current assets 130,189,345 136,067,957 117,098,562 Non-current assets Other non-current non-financial assets 12 20,680,178 20,016,730 17,983,117 Accounts receivable, non-current 8 5,407,357 1,674,909 1,591,713 Investments accounted for using the equity method 13 75,775,674 33,581,106 28,734,296 Intangible assets other than goodw ill 14 3,141,547 3,814,784 5,035,364 Goodw ill 14 357,778 357,778 357,778 Property, plant and equipment 15 2,854,262 2,403,131 2,408,142 Investment Properties 16 2,841,085,897 2,776,618,201 2,700,986,552 Deferred tax assets 10.2 8,204,146 5,288,037 5,063,636 Total non-current assets 2,957,506,839 2,843,754,676 2,762,160,598 Total assets 3,087,696,184 2,979,822,633 2,879,259,160 As of December 31 As of December 31 As of January 01 EQUITY AND LIABILITIES Note 2016 2015 2015 ThCh$ ThCh$ ThCh$ Liabilities Current liabilities Other current financial liabilities 18 132,498,222 83,947,095 84,382,774 Trade and other accounts payable 20 66,822,415 64,010,017 53,852,774 Current accounts payable to related parties 9.2 577,674 271,063 301,635 Other short-term provisions 30 346,198 267,866 372,447 Current tax liabilities 21 4,020,348 5,932,546 5,131,179 Current employee benefit provisions 22 8,241,756 7,319,823 5,699,727 Other current non-financial liabilities 19 6,595,156 4,730,125 4,123,937 Total current liabilities 219,101,769 166,478,535 153,864,473 Non-current liabilities Other non-current financial liabilities 18 739,309,586 786,428,800 750,426,731 Accounts payable, non-current 20 1,231,300 1,262,231 1,208,738 Deferred tax liabilities 10.2 426,339,816 414,983,570 418,323,182 Employeee benefit provision, non-current 22 1,231,425 1,276,841 2,277,703 Other non-current non-financial liabilities 23 18,586,219 19,190,366 19,183,155 Total non-current liabilities 1,186,698,346 1,223,141,808 1,191,419,509 Total Liabilities 1,405,800,115 1,389,620,343 1,345,283,982 Equity Share capital 25 b) 175,122,686 175,122,686 175,122,686 Retained earnings (losses) 1,338,767,742 1,240,371,079 1,188,440,174 Share premiums 123,573,274 123,573,274 123,573,274 Other reserves 25 d) (71,621,644) (63,603,468) (61,068,510) Equity attributable to the owners of the parent 1,565,842,058 1,475,463,571 1,426,067,624 Non-controlling interests 116,054,011 114,738,719 107,907,554 Total Equity 1,681,896,069 1,590,202,290 1,533,975,178 Total Equity and Liabilities 3,087,696,184 2,979,822,633 2,879,259,160 The attached notes 1 to 34 are an integral part of these Consolidated Financial Statements 3 PLAZA S.A. AND SUBSIDIARIES Consolidated Statements of Comprehensive Income Corresponding to the fiscal years ended December 31, 2016 and 2015 (In thousands of pesos) For the 12 months ended December 31 Statement of Income Note 2016 2015 ThCh$ ThCh$ Revenue 27 260,422,381 247,773,680 Cost of sales 28.2 (61,864,139) (60,000,123) Gross margin 198,558,242 187,773,557 Other income, by function 28.1 46,444,354 21,660,160 Administrative expenses 28.2 (28,672,382) (26,809,154) Other expenses, by function 28.5 (1,386,349) (21,028,876) Operating income 214,943,865 161,595,687 Financial income 28.3 1,199,407 727,571 Financial costs 28.4 (28,922,917) (29,322,436) Share in the profit (loss) of associates and joint ventures accounted for using 13 b) 1,075,872 2,712,197 the equity method Foreign currency exchange differences 28.4 (14,215) 246,351 Gain (loss) from indexed assets and liabilities 28.4 (18,367,856) (25,756,886) Income before taxes 169,914,156 110,202,484 Income tax expense 10.1 (29,508,842) (18,178,563) Income 140,405,314 92,023,921 Income (loss) attributable to Income (loss) attributable to equity holders of the parent 136,582,962 88,073,438 Income (loss) attributable to non-controlling interests 3,822,352 3,950,483 Income 140,405,314 92,023,921 Earnings per share Basic earnings per share Basic earnings (loss) per share from continuing operations $ 69.69 $ 44.94 Basic earnings (loss) per share $ 69.69 $ 44.94 Diluted earnings per share Diluted earnings (loss) per share from continuing operations $ 69.69 $ 44.94 Diluted earnings (loss) per share $ 69.69 $ 44.94 The attached notes 1 to 34 are an integral part of these Consolidated Financial Statements 4 PLAZA S.A. AND SUBSIDIARIES Consolidated Statements of Comprehensive Income Corresponding to the fiscal years ended December 31, 2016 and 2015 (In thousands of pesos) For the 12 months ended December 31 Comprehensive Income Statement 2016 2015 ThCh$ ThCh$ Income 140,405,314 92,023,921 Components of other comprehensive income that will not be reclassified to income for the year, before tax Components of other comprehensive income that will be reclassified to income for the year, before tax Foreign currency translation Foreign currency translation gains (losses), before taxes (5,142,236) (3,173,306) Other comprehensive income, before taxes, from foreign currency translation (5,142,236) (3,173,306) Cash flow hedges Income (losses) from cash flow hedges, before tax (3,244,213) (441,285) Other comprehensive income, before tax, on cash flow hedges (3,244,213) (441,285) Other components of other comprehensive income, which will be reclassified to (8,386,449) (3,614,591) income for the year, before taxes Income taxes related to components of other comprehensive income Income tax related to cash flow hedges in other comprehensive income 784,380 98,398 Income taxes related to components of other comprehensive income 784,380 98,398 Other comprehensive Income (7,602,069) (3,516,193) Total Comprehensive Income 132,803,245 88,507,728 Comprehensive income attributable to Comprehensive income attributable to equity holders of the parent 129,451,034 85,349,204 Comprehensive income attributable to non-controlling interests 3,352,211 3,158,524 Total Comprehensive Income 132,803,245 88,507,728 The attached notes 1 to 34 are an integral part of these Consolidated Financial Statements 5 PLAZA S.A. AND SUBSIDIARIES Consolidated Statements of Cash Flows Corresponding to the fiscal years ended December 31, 2016 and 2015 (In thousands of pesos) For the 12 months ended December 31 Direct Cash Flow Statement 2016 2015 ThCh$ ThCh$ Cash flows from (used in) operating activities Classes of collections for operating activities: Collections from the sale of goods and provision of services 319,009,903 298,054,528 Payment types: Payments to suppliers for the supply of goods and services (48,111,538) (37,141,637) Payments to and on behalf of employees (22,102,865) (21,494,770) Other payments for operating activities (40,155,157) (36,876,994) Income taxes reimbursed (paid) (21,300,533) (14,588,669) Other cash inflows (outflows) 3,029,100 17,283,921 Net Cash Flows from (used in) operating activities 190,368,910 205,236,379 Cash flows from (used in) investing activities Proceeds from other long-term assets - 249,380 Payments for purchases of intangible assets (999,241) (1,820,835) Payments for purchases of property, plant and equipment (766,998) (408,875) Payments for purchases of other long-term assets - Investment Properties (94,546,415) (128,548,486) Interest received 1,022,423 1,078,741 Other cash inflows (outflows) 14,431,499 3,845,641 Net cash flows from (used in) investing activities (80,858,732) (125,604,434) Net cash flows from (used in) financing activities Proceeds from loans 37,351,052 85,974,662 Total proceeds from loans 37,351,052 85,974,662 Loan payments (27,841,634) (83,120,896) Payments of finance lease liabilities (576,246) - Payments of public bond obligations (34,618,916) - Loans granted to related parties (20,795,000) - Dividends paid (37,897,558) (34,084,662) Interest paid (31,929,108) (31,218,879) Other cash inflows (outflows) 3,023,760 (250,186) Net cash flows from (used in) financing activities (113,283,650) (62,699,961) Net Increase (Decrease) in Cash and Cash Equivalents (3,773,472) 16,931,984 Effect of exchange rate variation on cash and cash equivalents (6,666,170) (531,910) Cash and Cash Equivalents, Statement of Cash Flow, Initial Balance 32,176,051 15,775,977 Cash and Cash Equivalents, Statement of Cash Flow, Final Balance 21,736,409 32,176,051 The attached notes 1 to 34 are an integral part of these Consolidated Financial Statements 6 PLAZA S.A.

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