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Investor Presentaiton

Ministerio de Hacienda - Gobierno de Chile Drafting process for a new constitution and political calendar Constitutional Process Timeline* October 25th, 2020 - National Plebiscite Q1. Do you want a new Constitution? Approve or Reject Q2. What type of body should draft the new Constitution? Mixed Constitutional Convention or Constitutional Convention Approve Constitutional Convention The "approve" option reached 78% of the votes, and the "reject" option met 22%. Also, the option of writing a new constitution through a constitutional convention (79%) was imposed over a mixed convention (21%). The option chosen is characterized by the fact that all of the members belonging to the body that will draft the new constitution shall be elected in April 2021. Adjustments to the Political Calendar Primaries for Mayors & Regional Governors Elections for Municipalities, Regional Governors and Members of the Constitutional Convention Runoff for Regional Governors April 11th, 2021 - Election of Conventional Constituents Some norms and procedures of the Convention... • • A two-thirds majority of the Convention members is needed to approve the text of the new Constitution. The Convention may not intervene or exercise any other function or attribution of other organs or authorities. The Convention dissolves after the new Constitution's text is approved/rejected by its members, or its term expires. April 2022 (≤ 3 months) - Convention delivers Text July 2022 (≤ 3 months) – Plebiscite to Ratify Const. Do you approve the text of the New Constitution proposed by the Convention? Approve or Reject Approve Reject Voluntary participation ✓ Same date as municipal and regional elections Mandatory participation ✓ Simple majority ✓ The text of the New Constitution to be submitted to a plebiscite must be in accordance with the status of Chile as a Republic, its democratic regime, the judicial sentences, and the International treaties ratified by Chile. President ratifies New Constitution. Current Constitution remains 29 Nov 2020 Dec Jan Feb 2021 Mar 11 Apr May 9 Source: Ministry of Finance. 18
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