Cencosud Initiates New Share Buyback Process

Santiago, June 5, 2025 – In connection with the share buyback program approved at the Extraordinary Shareholders' Meeting held on April 23, 2021, the Company will initiate a new share acquisition process under said program. This process will be carried out through a pro rata Block Firm Offer (“OFB”) mechanism, with the following characteristics:

1. Cencosud will offer to acquire up to 28,058,701 shares of the Company, representing approximately 1% of the Company’s subscribed and paid-in shares.

2. The OFB price will be CLP 3,200 per share.

3. The OFB will be registered in the systems of the Santiago Stock Exchange on June 6, 2025, and will be valid for 20 calendar days, beginning on June 9, 2025, and expiring on June 28, 2025.

4. The terms and conditions of the OFB may be modified in accordance with applicable regulations. Any changes will be duly disclosed to the market.

Cencosud has appointed BTG Pactual Chile S.A. Corredores de Bolsa to execute this program.

Sincerely,

Cencosud S.A.