AES Andes S A : Juan Ignacio Rubiolo appointed as the new Chairman of the Board

Translation of

MATERIAL FACT

AES ANDES S.A.

SECURITIES REGISTRY N° 0176

Santiago, February 24, 2022

Mr:

Joaquín Cortez H.

President of the Commission for the Financial Market

Avda. Libertador Bernardo O'Higgins 1449

Re: Communicates designation of Chairman of the Board of Directors

Of our consideration:

In accordance with the provisions of Article 9 and the second paragraph of Article 10 of Law No. 18,045, on the Securities Market, as well as Section II of General Norm N ° 30, of the Commission for the Financial Market, we inform you as a Material Fact of AES Andes S.A. (the "Company"):

Effective as of this date, Mr. Julián Nebreda has presented his resignation from the position of Chairman of the Board of Directors of AES Andes S.A. Mr. Nebreda will continue to be a member of the Board of Directors for the statutory period for which he was elected.

At the Company's Board of Directors meeting held today, the Board of Directors agreed to appoint board member Mr. Juan Ignacio Rubiolo as the new Chairman of the Board of Directors and of the Company.

Without further ado, very best regards,

AES Andes S.A.

Ricardo Falú CEO

c.c:	Bolsa de Comercio de Santiago.
	Bolsa Electrónica de Chile.
	Banco de Chile, Bondholders Representative.
	Fitch Ratings, Fitch Chile Rating Agency.
	Feller Rate Rating Agency.
	Comisión Clasificadora de Riesgo

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