Electricity Tariff Stabilization Liquidity Facility

in implementation

This operation (the "Operation" or the "Project") is intended to provide a liquidity facility to a group of companies comprising Aela Generación S.A.; AES Gener S.A.; Cerro Dominador CSP S.A.; Colbún S.A.; Chungungo S.A.; Empresa Eléctrica Caren S.A.; Empresa Eléctrica de Panguipulli S.A.; Enel Generación S.A.; Engie Energía Chile S.A.; Eólica Monte Redondo S.A.; GM Holdings S.A.; Guacolda Energía S.A.; Norvind S.A.; San Juan S.A.; and Santiago Solar S.A.; (the "Clients" or the "Companies") to counter the repercussions in the economic environment generated by the Tariff Stability Law and the lack of liquidity they are experiencing as a result of the postponement of payment of part of the energy purchase agreement (PPA)  price set forth in said law.  The funds of the Operation will be used exclusively to acquire receivables associated with the stabilization mechanism established by the aforementioned Law.