CENCOSUD ANNOUNCES AGREEMENT TO ACQUIRE MAKRO OPERATIONS IN COLOMBIA

This transaction strengthens Cencosud’s presence in Colombia by expanding its established Cash & Carry operations and generating potential operational synergies.

Santiago, Chile. June 26, 2026 — Cencosud S.A. (BCS: CENCOSUD; "Cencosud" or the "Company") announced today that it has entered into an agreement with SHV Interholding AG to acquire, through its Chilean subsidiary Cencosud Internacional SpA., 100% of the shares of Makro Supermayorista S.A.S. (“Makro”), a leading Cash & Carry operator in Colombia.

Under the terms of the agreement, Cencosud will pay approximately USD 158 million to acquire the business, subject to customary adjustments based on cash, debt, working capital, and other variables at closing. The transaction is subject to customary closing conditions, including approval from Colombia’s antitrust authority (Superintendencia de Industria y Comercio) and is expected to be funded with the Company’s own resources.

Makro has operated in Colombia for more than 25 years in the Cash & Carry segment, with a network of 21 stores, most of which are owned, and presence in 16 cities, including Bogotá, Barranquilla, Medellín, and Cali. The Company also offers a portfolio of private-label brands that are a core component of its value proposition.

Through this acquisition, Cencosud will strengthen its footprint in Colombia by expanding its existing Cash & Carry operations, reinforcing its multi-format strategy and generating opportunities for operational and commercial synergies across its platform.

 About Cencosud

Cencosud is one of the largest and most prestigious retailers in the Americas with a purpose to serve extraordinarily at every moment. It operates in six countries, with more than 115,000 employees, 1,396 retail stores totaling over 3.5 million m² of sales area, and 68 shopping centers with more than 2.4 million m² of gross leasable area (GLA). Its multi-format strategy spans Supermarkets, Home Improvement, Department Stores, Shopping Centers, and Financial Services. In addition, the company drives innovative business lines such as Cencosud Media and Private Labels, integrating technology to enhance the customer experience.

More information is available at www.cencosud.com.

For Investor Relations, contact:

Irina Axenova, [email protected]

Oscar Bentjerodt, [email protected]

Jacqueline Bonilla, [email protected]

 For media inquiries, contact:

Danica Radnic, [email protected]

Jose Tomas Martinez, [email protected]

 Forward-Looking Statement

This release contains forward-looking statements regarding the proposed transaction, expected synergies, financial impact, and timing of closing, which are based on current expectations and assumptions and are subject to risks and uncertainties.

Forward-looking statements are based on management’s current expectations, estimates, assumptions, and beliefs as of the date of this communication and are subject to risks, uncertainties, and other factors that may cause actual results, performance, or developments to differ materially from those expressed or implied by such statements. These factors include, among others, changes in economic, financial, political, or market conditions in the countries in which the Company operates; inflationary pressures; fluctuations in foreign exchange rates; changes in consumer demand and purchasing behavior; competitive conditions; supply chain disruptions; regulatory and tax changes; labor costs and availability; execution risks related to investment, expansion, and transformation initiatives; and the impact of unforeseen events.

Forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.