SKAGEN’s vote at Parque Arauco EGM

Date: 02/12/15

SKAGEN voted against one proposal at the extraordinary general meeting in Parque Arauco on the 19. November 2015.

At the meeting SKAGEN voted, on behalf of SKAGEN M2 which is a shareholders in the company, against two proposal related to allocation of a percentage of capital for compensation plan and amendment of articles to reflect changes in capital. The reason for voting against the first proposal was that not enough information was disclosed regarding the features and key terms of the share-based compensation plan. The reason for voting against the second proposal was that the company did not disclose the proposed article amendments.

SKAGEN held 349 321 shares at the time of the meeting. This was equal to 0.04 percent of the company.

Date: 02/12/15

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