Compañía Cervecerías Unidas S A : Board Election

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MATERIAL EVENT - BOARD ELECTION

(Santiago, Chile, April 14, 2021) - Compañía Cervecerías Unidas S.A. (CCU) announces that at the Ordinary Shareholders' Meeting of the Company held today, were elected members of the Board of directors, for a period of three years, Messrs. Andronico Luksic Craig, Francisco Pérez Mackenna, Pablo Granifo Lavín, Rodrigo Hinzpeter Kirberg, Carlos Molina Solís, José Miguel Barros van Hövell tot Westerflier, Marc Gross, Rory Cullinan and Vittorio Corbo Lioi, the latter appointed as independent director in accordance with article 50 bis of Law 18,046.

Additionally, at the Board meeting held today, Mr. Andrónico Luksic Craig was appointed as Chairman of the Board and Mr. Carlos Molina Solís as Vice Chairman. In the same meeting, and pursuant to article 50 bis of Law N° 18,046, the independent director Mr. Vittorio Corbo Lioi appointed Messrs. Francisco Pérez Mackenna and Carlos Molina Solís as members of the Directors Committee, therefore, the Committee is composed of directors Messrs. Corbo, Pérez and Molina.

Finally, in the aforementioned Board meeting, and in compliance with the provisions of the Sarbanes- Oxley Act, the Board appointed Messrs. Vittorio Corbo Lioi and Carlos Molina Solís as members of the Audit Committee, and directors Mr. Francisco Pérez Mackenna and José Miguel Barros van Hövell tot Westerflier on an observer status.

CCU is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. CCU is one of the largest players in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, nectar, wine and pisco, among others. CCU is the second-largest brewer in Argentina and also participates in the cider, spirits and wine industries. In Uruguay and Paraguay, the Company is present in the beer, mineral and bottled water, soft drinks and nectar categories. In Bolivia, CCU participates in the beer, water, soft drinks and malt beverage categories. In Colombia, the Company participates in the beer and in the malt industry. The Company's principal licensing, distribution and / or joint venture agreements include Heineken Brouwerijen B.V., PepsiCo Inc., Seven-up International, Schweppes Holdings Limited, Société des Produits Nestlé S.A., Pernod Ricard Chile S.A., Promarca S.A. (Watt's) and Coors Brewing Company.