FALABELLA ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 3.750% NOTES DUE 2027 (CUSIP NOS. 78386F AD8/ P82290 AR1; ISINs US78386FAD87 / USP82290AR17)

SANTIAGO, Chile, March 12, 2025 /PRNewswire/ -- Falabella S.A. ("Falabella" or the "Company") today announced the commencement of an offer to purchase for cash any and all of its outstanding 3.750% Notes due 2027 (the "Notes") (the "Offer"). The Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase dated March 12, 2025 (the "Offer to Purchase") and the notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").

The table below summarizes certain payment terms for the Notes:

The Offer will expire at 5:00 p.m., New York City time, on March 20, 2025, or any other date and time to which Falabella extends the Offer (such date and time, as it may be extended, the "Expiration Time"). Holders of Notes must validly tender their Notes at or prior to the Expiration Time and not validly withdraw them at or prior to the applicable Withdrawal Deadline (as defined in the Offer to Purchase) in order to be eligible to receive the Consideration (as defined in the Offer to Purchase) plus accrued interest for such Notes. Tendered Notes may be validly withdrawn at any time at or prior to the Withdrawal Deadline but not thereafter.

The obligation of Falabella to purchase Notes in the Offer is conditioned on the satisfaction or waiver of certain conditions described in the Offer Documents. Falabella reserves the right, in its sole discretion, to amend or terminate the Offer at any time.

The Company intends to fund the Offer with cash on hand. The deadline for holders of Notes to validly tender Notes, if any, pursuant to the guaranteed delivery procedures described in the Offer to Purchase, if a notice of guaranteed delivery has been delivered on or before the Expiration Time, is 5:00 p.m., New York City time, on March 24, 2025, the second business day after the Expiration Time, unless extended.

The information and tender agent for the Offer is Global Bondholder Services Corporation. To contact the information and tender agent, banks and brokers may call +1 (212) 430-3774, and others may call U.S. toll-free: +1 (855) 654-2015 or email [email protected]. Additional contact information is set forth below.

Copies of each of the Offer Documents are available at the following web address: https://www.gbsc-usa.com/falabella

Any questions or requests for assistance or for additional copies of this notice may be directed to the Dealer Managers at their respective telephone numbers set forth below or, if by any Holder, to such Holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer.

The Dealer Managers for the Offer are:

This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The Offer is made only by and pursuant to the terms of the Offer Documents, and the information in this notice is qualified by reference to the Offer to Purchase and the Notice of Guaranteed Delivery. None of Falabella, the Dealer Managers or the information and tender agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Offer.

This notice does not constitute an offer to purchase in Chile or to any resident of Chile, except as permitted by applicable Chilean law. this offer to purchase will not constitute a public offer in Chile, and therefore will not be (a) subject to registration with the Chilean Financial Market Commission (Comisión para el Mercado Financiero or "CMF"); nor (b) made through any of the stock exchanges in Chile.

About Falabella

Falabella is a sociedad anónima abierta, or publicly traded stock corporation, incorporated under the laws of Chile, which operates a multi-format retail company that carries out its business through both brick-and-mortar and online platforms, combining growth, profitability and sustainability in its six main business areas: Department Stores, Home Improvement, Supermarkets, Financial Services (including Credit Card Services and Banking, among others), Real Estate and Marketplace. Falabella has a strong presence in Chile, Peru and Colombia, as well as operations in Argentina, Brazil, Uruguay and Mexico. In 2019, Falabella changed its name from "S.A.C.I. Falabella" to "Falabella S.A."

Falabella is an issuer in Chile of securities registered with the CMF. Shares of our common stock are publicly traded on the Bolsa de Comercio de Santiago—Bolsa de Valores, or the Santiago Stock Exchange, the Bolsa Electrónica de Chile—Bolsa de Valores, or the Chilean Electronic Stock Exchange, which we jointly refer to as the "Chilean Stock Exchanges," under the symbol "FALABELLA." Accordingly, we are currently required to disclose information to the market by, inter alia, filing quarterly and annual reports in Spanish and issuing hechos esenciales o relevantes (notices of material or relevant events) to the CMF, and provide copies of such reports and notices to the Chilean Stock Exchanges. All such reports are available at www.cmfchile.cl and www.falabella.com.

SOURCE Falabella S.A.