Summary of Material Facts During the Period

Material Fact N°1 – April 4th, 2014

Today, the President of the Company Mr. Juan Cuneo Solari, informed to the Board of Directors, his decision to not be candidate for the position of Director of the Company on the next election of Directors, which will be held in the Ordinary Shareholders Meeting, convened for April 29th, 2014. This implies that once the new Board of Directors is elected, Mr. Juan Cuneo Solari will no longer be President of the Company, a position he held for the past 3 years. On this same date, Mr. Cuneo Solari also informed to the Board of Directors his decision to resign, or not be candidate, for fulfilling the position of director in any of the subsidiaries or affiliates of SACI Falabella in which he at the time performs such duty.

Material Fact N°2 – April 4th, 2014

In the Board of Directors meeting held today, the following was agreed:
1. To convene to the Annual Shareholders Meeting for April 29th, 2014 at 16:00, venue Hotel Galerías, Salon del Inca, San Antonio Street No 65, 13th floor, Santiago to discuss the following issues:
a. Approval of the Annual Report, Balance Sheet, Income Statement and External Auditors Report for the year ended on December 31st, 2013.
b. Distribution of year 2013 profits.
c. Dividends policy.
d. Appointment of the Directors of the Company.
e. Compensation to the Board of Directors for their duties.
f. Election of the newspaper where publications of the Company will be made.
g. Report of transactions referred to in Title XVI of Nº 18,046 Act.
h. Report of the Directors Committee, budget, expenditures and salary determination.
i. Such other matters considered in the Annual Shareholders Meeting faculties.

2. Regarding dividends distribution policy, it was agreed to propose to the Annual Shareholders’ Meeting the distribution of a dividend of $40 per share, from profits of year ended December 31st, 2013.

Material Fact N°3 – April 29th, 2014

In the Annual Shareholders Meeting that took place today, the following agreements were taken:

1. It was approved the Annual Report, Balance Sheet, Income Statement, and External Auditor Report for the year ending on December 31st of 2013.
2. The distribution of a final dividend of $40 per share, drawn from the earnings obtained in 2013 was approved. The quoted dividend will be paid on May 8th, 2014, to all shareholders registered in the Shareholders Registry by the fifth business day prior to that date.
3. A dividends policy consisting in the annual distribution of, at least, 30% of the year’s net profits was approved.
4. The following individuals were appointed as Directors of the Company for a new statutory period: Carlo Solari Donaggio, Juan Carlos Cortés Solari, Carlos Alberto Heller Solari, María Cecilia Karlezi Solari, Paola Cúneo Queirolo, Carolina Del Río Goudie, José Luis del Río Goudie, Sergio Cardone Solari, and Hernán Büchi Buc.
5. Lastly, other matters of interest and competence of the Shareholders’ Meeting were reviewed.

Material Fact N°4 – April 29th, 2014

In the Board of Director’s Ordinary meeting that took place today, the following agreements were taken:
1. To appoint Mr. Carlo Solari Donaggio as Chairman of the Board, and therefore of the Company.
2. To appoint Mr. Juan Carlos Cortés Solari as Vice Chairman of the Board.
3. The independent director Mr. Hernán Büchi Buc appointed as members of the Committee of Directors, pursuant Law 18,045, to the directors Messrs. Sergio Cardone Solari and José Luis del Río Goudie.

Material Fact N°5 – September 17th, 2014

The subsidiary Company Sodimac Perú S.A. acquired in Lima’s Stock Exchange 100% of the shares of Maestro Perú S.A., in the amount of NS$1.404 million, which will be completely financed through an international bank loan. Furthermore, a meeting of shareholders will be convoked in Falabella Perú S.A.A., parent Company of Sodimac Perú S.A., in order to approve a capital increase in soles equivalent to US$420 million.

Material Fact N°6 – October 14th, 2014*

As of September 29th, it was published in the Official Journal (“Diario Oficial”) the Law No 20,780, which introduces several modifications to the tax regulation (“Tax Reform”).

The Tax Reform considers progressive Firts Category Income Tax rate increases (“Impuesto a la Renta de primera categoría”) increases for years 2014, 2015, 2016, 2017, 2018 and onwards, reaching 21.0%, 22.5%, 24.0%, 25.5% and 27.0%, respectively, in the event the partially integrated system (“Sistema parcialmente integrado”) is applied. Or increasing the tax rate to 21.0%, 22.5%, 24.0% and 25.0%, respectively, for the commercials years 2014, 2015, 2016 and 2017 onwards in the event the allocated income system is applied (“Sistema de Renta atribuida”).

As establish by the Tax Reform, the partially integrated system, will be applied as the general rule, unless the Shareholders Meeting approve the adoption of the allocated income system.

As a consequence of the progressive increase of the tax rate applied to First Category Income, and according to the International Financial Reporting Standard (IFRS), the Company should recognize immediately in its results the impact that those modifications may produce on assets and liabilities due to deferred taxes. Therefore, the Financial Statements of the Company as of September 30th 2014, shall reflect a one-time impact only, generated by the increase of net deferred liabilities, for approximately 46 billion Chilean pesos, with the consequent impact on the distributable net profit of fiscal year 2014. It should be noted that the effects mentioned above are caused by the corresponding increase of deferred net liabilities in our subsidiary Plaza S.A.

It is worth pointing out that given the nature of the Company’s business, such effect is from an accounting perspective only and does not involve cash flow tax payment effects.

Notwithstanding the foregoing, if the Shareholders Meeting adopts the allocated system, the corresponding account adjustments shall be applied in order to reflect this change.

* On October 17th, 2014, the Securities and Insurance Superintendence, through Official Notice No 856, exceptionally established the accounting for changes in deferred tax assets and liabilities generated by Law 20,780, instructing that, notwithstanding that which is established by International Accounting Standards No 12 and its respective interpretation, differences in deferred tax assets and liabilities created by said law, will have to be accounted for during their respective periods against shareholders equity, and that the instructions contained in said Official Notice will be applicable from the financial statements as of September 30th, 2014, and onwards.

Material Fact N°7 – October 22nd, 2014

S.A.C.I. Falabella agreed to the terms and conditions for the issuance and placement of bonds in the international markets for a total sum of USD 400 million, maturing January 27th, 2025, and at a 4.38% interest rate.

Material Fact N°8– October 27th, 2014

In accordance with what was informed through material fact dated October 22nd this year, S.A.C.I., on this day Falabella materialized and proceeded with the placement of bonds in the international markets for a total sum of USD 400 million, maturing January 27th, 2025, and at a 4.38% interest rate.

Material Fact N°9 – November 25th, 2014

The Ordinary Board Meeting held on November 25th, 2014 approved the distribution of a provisional $25 per share dividend, drawn from the earnings obtained in 2014. Said dividend will be paid on December 10th, 2014 to those shareholders that are registered in the Shareholders Registry by December 3rd, 2014.