COLBÚN, S.A. announced that its previously announced cash tender offer ("Tender Offer") for any and all of its outstanding 4.500% Notes due 2024 ("Securities") expired at 5:00 p.m., New York City time, on March 4, 2020 ("Expiration Date"). The Tender Offer was made pursuant to an offer to purchase dated February 20, 2020 ("Offer to Purchase") and the related notice of guaranteed delivery ("Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents"), which set forth the terms of the Tender Offer. As set forth, according to information provided by Global Bondholder Services Corporation, acting as the tender and information agent for the Tender Offer (the "Tender and Information Agent"), at or prior to the Expiration Date, a total of USD 342,590,000 aggregate principal amount of the Securities had been validly tendered and not validly withdrawn. On the terms and subject to the conditions set forth in the Offer Documents, the Company expects that it will accept for purchase all of the Securities validly tendered and not validly withdrawn on or prior to the Expiration Date, and all of the Securities delivered on or prior to the Guaranteed Delivery Date. The Company expects to pay the Purchase Price plus the accrued and unpaid interest on the Securities validly tendered and not validly withdrawn as of the Expiration Date on or around March 6, 2020, subject to the terms and conditions described in the Offer to Purchase. The principal amount of Securities that will be purchased by the Company is subject to change based on deliveries of Securities pursuant to the guaranteed delivery procedures described in the Offer Documents. All deliveries and correspondence sent to the Tender and Information Agent should be directed to Global Bondholder Services Corporation, 65 Broadway – Suite 404, New York, New York 10006, Attn: Corporate Actions.