AES Gener to Launch Green Capital Increase December 29th, 2020

Announcement regarding Capital Increase dates and shares to be placed

AES Gener published details regarding the upcoming $300mn Capital Increase to fund renewable growth in Chile and Colombia.

The Board of Directors of the company has decided to place 1,980,000,000 shares of the 5,000,000,000 shares approved by the shareholders. This number of shares is in line with the reduction of the Capital Increase from $500mn to $300mn, announced on December 1, when management explained that the Company’s strong financial position made possible the decrease.

The 30-day preemptive rights period will commence on December 29, 2020, lasting until January 27, 2020.

The Board of Directors will set the new shares’ price based on a volume-weighted average price of up to 60 days prior to the start of the preemptive rights period, plus a discount to incentivize participation, in line with what was agreed upon at the April 16, 2020, shareholders meeting. The price will be announced on December 29, 2020,

Those inscribed in the Shareholders Registry as of December 22, 2020, will have the right to subscribe 0.236404290483845 new shares for every share owned.

The funds raised by the follow on will be used to fund growth in wind, solar, and battery projects in 2021, as part of the Company’s Greentegra transformational strategy.

For further details, please see the attached copy of the announcement published in the El Pulso Newspaper today.