Given recent publications referring to CSAV, the company thought it worthwhile to clarify
some inaccuracies that have been reported, stating that it has asked financial advisor
Celfín Capital to find a buyer for its container business.

As mentioned on several occasions, CSAV Group has implemented a profound
restructuring plan that will enable the company to tackle the challenges faced by our
organization and the industry. This plan, has not changed, and includes the following
initiatives:
A capital increase of 1.2 billion dollars to strengthen CSAV's financial
position, where its lead arranger is Celfín Capital;

The redesign of our services portfolio, focusing mainly on those markets
where the company has clear competitive advantages;

Joint ventures with other major shipping companies to enhance the
efficiency and quality of CSAV´s services;

The separation of the cargo shipping business from the port and terminal
operation business (operated by its subsidiary SAAM), in an effort to
promote the growth of the latter;

The creation of a new organizational structure that facilitates the
implementation of the company strategy;

And lastly, the plan involves the search for a strategic partner for our
container business, but not the finding for a buyer for that business unit.

As it has previously been released, CSAV Group is fully committed to strengthen its
competitive position and remain a relevant player in the shipping industry by providing
world class services to our customers.

CSAV Group