Empresas CMPC : (English) 09.07.2017 - Material Fact
September 07, 2017 at 06:18 pm EDT
Share
Santiago, September 7th, 2016
Mr.
Carlos Pavez Tolosa
Superintendent of Securities and Insurance MATERIAL FACT
Empresas CMPC S.A.
Securities Registry Number 115
Mr. Superintendent:
According to what is established in article 9 and in subsection two of article 10 of the Securities Market Law and the instructions contained in the Circular Letter 687 of 1987 of the Superintendecy I hereby duly empowered inform your Superintendency, as material information, that the Board of Directors of Empresas CMPC S.A, in the meeting celebrated today, agreed not to distribute the provisional dividend contemplated for September in the dividend policy informed to the ordinary shareholders meeting in April 2017. The above is based on the fact that although the Financial Statements of the Company showed profits as of the second quarter of 2017, they are low. In addition, such profit is exposed to the exchange rate fluctuations of the currencies in which CMPC has accounted a significant part of its assets, a situation that is volatile by nature and therefore it is not possible to predict its behavior for the second half of the year . The aforementioned resolution will be revised again in December 2017 or in January 2018, when the distribution of the second interim dividend corresponds, according to the policy informed in the Shareholders Meeting.
Best regards,
Hernán Rodríguez W ilson Chief Executive Officer Empresas CMPC S.A.
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Empresas CMPC SA is a Chile-based company primarily engaged in the paper products industry. The Companyâs activities are divided into five business segments: Forestry, which includes products that are logs for the manufacturing of cellulose pulp and solid lumber products, such as sawn lumber, remanufactured products and plywood boards; Pulp, which provides pulp manufactured in production lines in Chile and Brazil; Paper, which focuses on the production and marketing of cardboard, paper for corrugation , industrial-use paper and newsprint; Tissue, which is responsible for producing and selling tissue, sanitary and specialized hygienic products, such as toilet paper, napkins, baby diapers and facial tissues, and Other, which includes general administrative services. The Company operates in Argentina, Colombia, Mexico, Peru and Ecuador, among others. It controls a number of subsidiaries, such as CMPC Celulosa SA, Cartulinas CMPC SA, Chimolsa SA La Papelera del Plata SA.
EMPRESAS CMPC S.A. 
