Investor Presentaiton

PULP BUSINESS COMPETITIVE ADVANTAGES 3. Product Diversification DP 13% (52%) HARDWOOD Fluff EKP 9% 39% Current Capacity 4.0 million tonnes UKP (48%) 13% SOFTWOOD BSKP 26% FLUFF 7% DP 9% 99 (63%) HARDWOOD UKP 10% Projected Capacity 5.2 million tonnes EKP 54% Including MAPA's added capacity (37%) SOFTWOOD BSKP 20% Source: ARAUCO, as of December 2020 (1)Dissolving Pulp The Valdivia mill will keep the ability to switch from producing dissolving pulp to paper grade (EKP). BCP shipment by end-use, 2021 estimate (2) Packaging 9% Fluff 10% Specialty 16% P&W 24% Tissue 41% (2) Source: Hawkins Wright, as of December 2020 BCP: Bleached Chemical Pulp, which includes all bleached kraft pulp (and not unbleached) and sulphite pulp arauco E carbon neutral 14

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