Certain American Depositary Shares of Cencosud S.A. are subject to a Lock-Up Agreement Ending on 10-JAN-2017. These American Depositary Shares will be under lockup for 180 days starting from 14-JUL-2016 to 10-JAN-2017. Details: The selling shareholder, Mr. Horst Paulmann (Chariman of the Board) and certain of the other shareholders that are controlled by Mr. Horst Paulmann have agreed with J.P. Morgan Securities LLC, subject to certain exceptions, not to offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, without the previous written consent of J.P. Morgan Securities LLC, shares or ADSs or securities convertible into or exchangeable or exercisable for any shares or ADSs during the period commencing on the date of this prospectus until 180 days after such date.