NAME Inversiones La Construcción S.A. TAX ID 94,139,000-5

NAME Inversiones La Construcción S.A. TAX ID 94,139,000-5 TYPE OF ENTITY Open stock corporation registered under the Superintendence of Securities and Insurance (SVS) ADDRESS Marchant Pereira 10, Floor 17, Providencia, Santiago Chile. PHONE (56-2) 24774600 WEB SITE www.ilcinversiones.cl

CONTENTS 2013 / 1 2 LETTER FROM THE PRESIDENT 6 OWNERSHIP STRUCTURE 8 BOARD OF DIRECTORS AND ADMINISTRATION 12 BUSINESS PROFILE 20 HISTORIC OVERVIEW 24 SOCIAL RESPONSIBILITY 26 2013 MANAGEMENT RESULTS 30 SUBSIDIARIES 32 SOCIAL SECURITY SECTOR 54 HEALTH SECTOR 62 OTHER SECTORS 70 CORPORATE AFFAIRS 86 INFORMATION ON RELEVANT FACTS 89 IDENTIFICATION OF SUBSIDIARIES AND ASSOCIATES 114 CONSOLIDATED FINANCIAL STATEMENTS (*) 144 ANNUAL REPORT SIGNING (*) The editorial content of this annual report and the Explanatory Analysis do not include notes to the Consolidated Financial Statements. The full version appears in the USB memory stick attached and on our website, which are an integral part of the Annual Report.

ANNUAL REPORT ILC 2013

2 / 3 LETTER FROM THE 01PRESIDENT DEAR SHAREHOLDERS: I am pleased to present the 2013 Annual Report, which is for our shareholders, customers and employees a record of the milestones and achievements accomplished during 2013, which are aligned to our group s objective of becoming a Chilean benchmark for the Pension, Health and Insurance industries, always acting under the distinctive ethical framework of our holding company, the Chilean Chamber of Construction (CCHC). FOR OVER 30 YEARS, CCHC HAS DEVELOPED A SUCCESSFUL BUSINESS THROUGH ILC, WHICH EVENTUALLY RESULTED IN THE OPENING THE LARGEST STOCK EXCHANGE OF CHILEAN HISTORY. CChC has developed a successful business through ILC for over 30 years, which in 2012 finally resulted in the opening of the largest stock exchange in Chilean history, where we became known to the domestic and international stock market, while continuously seeking to raise corporate governance standards, and were ultimately acknowledged by a large number of local and foreign investors who have kept believing in us. 2013 was marked by new milestones: firstly, it is worth noting the association between Desarrollos Educacionales and the British group, Cógnita. The latter acquired 51% of the company, therefore infusing the involved schools with the rich knowledge acquired by its international experience, further raising the quality standards in our network. Moreover, our international expansion phase began this year. AFP Habitat started operations in Peru, after winning a tender among all new job market entrants for a period of two years, fulfilling a long-held aspiration. Also, our subsidiary company of life insurance, Vida Cámara, was awarded two of the seven fractions of the tender of the Disability Insurance in Peru. Finally, closing the year 2013, ILC acquired 67% of the holding Corp Group Vida Chile S.A., parent company of the companies Seguros de Vida CorpSeguros S.A. and CorpVida S.A. This operation allowed us to strengthen our presence in the insurance industry and we became one of the major players in the life insurance industry, especially in the area of annuities. In terms of results, ILC reached in 2013 a profit of $84.405 million, surpassing the previous year by 1.65%, which is explained by the good operating performance of affiliates AFP Habitat, Isapre Consalud, Red Salud and the income generated by the acquisition of Corp Group Vida Chile S.A. This good scenario is product of the favorable domestic economic performance, which translates into positive employment rates, increase in real remuneration and greater formalization of the work force. In regard to our affiliates, AFP Habitat continues to position itself as one of the leading national private pension funds, recognized by the American Consultant Fund Pro in 2013 with the Platinum Performance Award in the category Private Pension Fund of the Year, given the positive performance of its five funds in the last three years. In addition, funds C, D and E were acknowledged. The company has maintained second place in the market share, in contributors and managed assets, which reflects a quality of service and care towards affiliates that the company is committed to improving every year. It is worth noting at this point that the Service Management department was implemented, which reports directly to the General Manager. Efforts made in 2013 were reflected in the net profit of $ 79,473 for Habitat, outperforming

2012 by 6.5%, despite the reduction in commissions performed mid last year. Regarding Isapre Consalud, this year was a period with significant challenges, mainly given by sustained rise in costs and a regulatory landscape with few definitions. It must be recalled that from late 2012 there has been a bill in Congress that proposes the creation of a common and compulsory Guaranteed Health Plan, for all insured by Chilean Health Plans, which has been widely discussed, yet no consensus reached. However, we remain confident in the management of this subsidiary, which for thirty years has been able to face changes and challenges of various kinds. Meanwhile, Empresas Red Salud, parent of our health institutions, stood out for its operational progress and was positively impacted by Clinica Bicentenario which, despite being in operation for less than three years, has had a positive EBITDA from April 2013. Along the same lines, we can note the favorable performance of Avansalud Clinic, which achieved EBITDA margins near 17% throughout the year. In terms of investment, we have continued with the plan that will allow us to count on a new building of nearly 80 beds in Tabancura Clinic, and a project that seeks to expand Bicentenario Clinic by approximately 40 beds. AS PREVIOUSLY NOTED, THE YEAR 2013 HAS BEEN A BUSY PERIOD WITH MAJOR CHANGES AND DEVELOPMENTS WE ARE SURE WILL HAVE A POSITIVE IMPACT ON THE FUTURE. which will govern for 15 months from October 2013. Corp Group Vida Chile S.A., a company acquired in November 2013, parent of CorpVida and CorpSeguros, produced a $ 1,735 million profit for ILC. This acquisition was a significant milestone, as it allowed us to position ourselves as one of the major players in the insurance industry. I would not want to miss this opportunity to welcome all our new colleagues. We are confident that this business will continue to develop diligently, steadily contributing both to our country as our party. Finally, our information technologies company, iconstruye, is developing major initiatives in the field of transactional platforms and technology integration services in various sectors that we believe will positively impact their future performance. The year 2013 recorded a net profit of $516 million, counting with a wide portfolio of clients in the property and construction sectors. As said, the year 2013 has been a busy period with major changes and developments that will surely have a positive impact on the future. This allows us to look forward to 2014 with the highest expectations, so as to generate the expected value for each of our shareholders. Thus in 2013, our Chilean Health Plan, Consalud, achieved a utility of $8,000 million as a result of an advance of 13.4% in revenue, explained by the growth of the contributor base, as well as the rising GES prices and real remuneration of our contributors. This progress in revenues was offset by a 16.4% increase in cost. Regarding results, Empresas Red Salud reported a net income of $ 3,794 million for ILC, exceeding the figures reported in 2012 by 60.6%. In relation to our insurance companies, the positive evolution of Vida Cámara is valuable in the business of Complementary Health Insurances, which in December 2013 reached 220,535 beneficiaries, reflecting a significant growth, considering that said business started in early 2012. Moreover, it is important to highlight the start of operations of its subsidiary in Peru, which through a competitive bidding won two of the seven fractions of the Disability Insurance, As said, the year 2013 has been a busy period with major changes and developments that will surely have a positive impact on the future. This allows us to look forward to 2014 with the highest expectations, so as to generate the expected value for each of our shareholders. I cannot not overemphasize the important work accomplished and the huge commitment shown by our Board of Directors, all of our subsidiaries and more than 12,000 employees who contribute daily to the growth of ILC. Let me reiterate, on behalf of the Board, our appreciation for the support and confidence in our management. DANIEL HURTADO PAROT PRESIDENT ANNUAL REPORT ILC 2013

4 / 5

OWNERSHIP 02STRUCTURE CCHC IS A TRADE UNION, A PRIVATE ASSOCIATION, WHICH SINCE ITS INCEPTION HAS SOUGHT TO CONTRIBUTE THROUGH THE PRIVATE INITIATIVE, TO PROMOTE PROGRESS AND FAIRNESS TOWARDS PEOPLE AND THEIR WELLBEING THROUGH THE DEVELOPMENT AND IMPROVEMENT OF THE CONSTRUCTION SECTOR, WITHIN A STRICT ETHICAL FRAMEWORK. MAIN SHAREHOLDERS At December 31, 2013, the paid-in capital is divided into 100,000,000 shares, distributed in different proportions among 217 shareholders. The 12 largest shareholders at year-end 2013 are presented below: OWNERSHIP AND CONTROL OF THE COMPANY TAXPAYER ID PERCENTAGE OF INTEREST Cámara Chile de la Construcción A.G. 81,458,500-K 67.00% Banco de Chile on account of non-resident third parties 97,004,000-5 6.22% Banco Santander on account of foreign investors 97,036,000-K 5.72% Banco Itaú on account of foreign investors 76,645,030-K 3.72% BICE Inversiones Corredores de Bolsa S.A. 79,532,990-0 3.57% IM Trust S.A. Stockbroker 96,489,000-5 1.40% BCI Corredor de Bolsa S.A. 96,519,800-8 1.35% BTG Pactual Chile S.A. Stockbroker 84,177,300-4 1.27% Moneda S.A. Infrastructure Financing Authority for Pioneer Investment Fund 96,684,990-8 0.74% Larraín Vial S.A. Stockbroker 80,537,000-9 0.67% Consorcio Corredor de Bolsa S.A. 96,772,490-4 0.58% Others 6.41% TOTAL 100% Inversiones La Construcción S.A. (Hereinafter ILC or the Company or Firm ) is controlled by the Chilean Chamber of Construction A.G. (hereinafter the CChC or Camera ). In July 2012 the opening was made in the ILC stock exchange, where from a capital increase and sale of CChC equity participation, approximately 33% of the ownership was divided between domestic and foreign investors. At December 2013, CChC controls ILC with 67% ownership, while 17.3% is held by private investors and Mutual Funds in Chile and 15.7% are in custody on behalf of foreign investors. ANNUAL REPORT ILC 2013

6 / 7

BOARD OF DIRECTORS 03AND ADMINISTRATION At December 2013, the Board of ILC is composed of nine members, elected annually by the Annual Shareholders Meeting of the Company. The technical profile of the board is composed of the experience of businessmen and professionals in different areas, which complement each other s knowledge and skills. Following Article 50a of the Companies Act, an independent director was incorporated to the board in April 2013, and nine members were kept in the Board. Regarding the ILC subsidiaries, they are independently managed by their respective General Managers, who, in addition to the role of legal representatives, ensure compliance with the guidelines and controls established by their respective Boards. DIRECTOR DIRECTOR DIRECTOR VICE-CHAIRMAN ANNUAL REPORT ILC 2013 Paulo Bezanilla Saavedra Taxpayer ID: 7,060,451-5 Civil Engineer Pontificia Universidad Católica de Chile Appointment: May 2011 Ítalo Ozzano Cabezón Taxpayer ID: 9,082,624-7 Civil Engineer Universidad de Santiago MBA, in ISPER, Sao Paulo Appointment: April 2010 Alberto Etchegaray Aubry Taxpayer ID: 5,163,821-2 Civil Engineer Pontificia Universidad Católica de Chile Appointment: April 2010 Gastón Escala Aguirre Taxpayer ID: 6,539,200-3 Civil Engineer Pontificia Universidad Católica de Chile Appointment: August 2012

8 / 9 AT DECEMBER 2013 THE BOARD OF ILC IS COMPOSED OF NINE MEMBERS, ELECTED ANNUALLY BY THE ANNUAL SHAREHOLDERS MEETING OF THE COMPANY. CHAIRMAN INDEPENDENT DIRECTOR DIRECTOR DIRECTOR DIRECTOR Daniel Hurtado Parot Taxpayer ID: 7,010,350-8 Construction Engineer Pontificia Universidad Católica de Chile Appointment: August 2012 Juan Benavides Feliú Taxpayer ID: 5,633,221-9 Business Engineer Pontificia Universidad Católica de Chile Appointment: April 2013 Francisco Vial Bezanilla Taxpayer ID: 6,400,466-2 Civil Engineer Pontificia Universidad Católica de Chile Appointment: April 2010 Sergio Torretti Costa Taxpayer ID: 6,551,451-6 Entrepreneur Appointment: April 2010 Lorenzo Constans Gorri Taxpayer ID: 5,816,225-6 Construction Engineer Universidad de Santiago Appointment: September 2008

ADMINISTRATION CHIEF EXECUTIVE OFFICER Pablo González Figari Taxpayer ID: 9,611,943-7 Business Engineer Pontificia Universidad Católica de Chile MBA, University of Notre Dame, USA Joined ILC on December 1, 2008 CHIEF FINANCIAL OFFICER AND INVESTOR RELATION Ignacio González Recabarren Taxpayer ID: 13,235,095-7 Business Engineer Universidad de Chile MBA, IE Business School, Madrid, Spain Joined ILC on May 1, 2012 COMPTROLLER OFFICER Cristóbal Cruz Barros Taxpayer ID: 6,866,245-1 Business Engineer Universidad Adolfo Ibáñez Joined ILC in January 2013 and left in March 2014 CHIEF OF ACCOUNTING AND ADMINISTRATIONN OFFICER Robinson Peña Gaete Taxpayer ID: 9,184,681-0 Chartered Accountant Universidad Católica del Norte Joined ILC on September 1, 2010 DEPUTY MANAGER OF DEVELOPMENT Nicole Winkler Sotomayor Agricultural Engineer Mg. in Economy (c) Pontificia Universidad Católica de Chile Joined ILC on November 1, 2010 DEPUTY MANAGER OF MANAGEMENT CONTROL Germán Menéndez Romero Taxpayer ID: 13,433,543-2 Business Engineer y MBA Pontificia Universidad Católica de Chile Joined ILC on October 1, 2011 GENERAL ACCOUNTANT Juan Olguín Tenorio Taxpayer ID : 7,493,677-6 Chartered Accountant Universidad de Chile Joined ILC on February 1, 2011 HEAD OF INVESTOR RELATIONS María Paz Merino Pagola Taxpayer ID: 15,381,036-2 Business Engineer Mg. in Applied Macroeconomics Pontificia Universidad Católica de Chile Joined ILC on May 12, 2013 HEAD OF MANAGEMENT CONTROL Pablo Viviani Montalva Taxpayer ID: 15,643,636-4 Business Engineer Pontificia Universidad Católica de Chile Joined ILC on August 1, 2013 TREASURER Lorena Mardones Jara Taxpayer ID: 15,901,166-6 Chartered Accountant Universidad Andrés Bello Joined ILC on April 1, 2010 BOARD ADVISOR Luís Larraín Arroyo LEGAL ADVISORS PRIETO Y CÍA. ABOGADOS (LAWYERS) EXTERNAL ACCOUNTANTS ERNEST & YOUNG AUDITORES CONSULTORES LTDA. STAFF OF THE COMPANY 4 Managers 6 Professional executives and Technicians 5 Administrative personnel ANNUAL REPORT ILC 2013

10 / 11 FLOW CHART BOARD CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER AND INVESTOR RELATION CHIEF OF ACCOUNTING AND ADMINISTRATION OFFICER COMPTROLLER OFFICER HEAD OF INVESTOR RELATIONS GENERAL ACCOUNTANT DEPUTY MANAGER OF MANAGEMENT CONTROL DEPUTY MANAGER OF DEVELOPMENT TREASURER HEAD OF MANAGEMENT CONTROL

BUSINESS 04PROFILE OUR MISSION: WE SEEK TO IMPROVE THE QUALITY OF LIFE OF ALL CHILEANS, OFFERING EFFICIENT AND ACCESSIBLE SERVICES, PRIMARILY IN WELFARE AND HEALTH; FAVORING THE CREATION OF VALUE, EFFICIENCY AND SUSTAINABILITY. SOCIAL SECURITY SECTOR In the Social Security field, ILC holds a 67.48 % stake in AFP Habitat, through companies Inversiones Previsionales Dos S.A. and Inversiones La Construcción Limitada. AFP Habitat participates in the pension industry, which is governed by the DL N 3.500 managing pension funds related with the compulsory pension savings and voluntary savings, including voluntary pension savings account (APV) and voluntary savings account (CAV). It also provides pensions as programmed withdrawal pensions and temporary income. Moreover, from November 18, 2013, ILC incorporated Corp Group Vida Chile S.A. to the sector, which holds a 67 % stake and is the partner company of Compañías de Seguros de Vida CorpSeguros and CorpVida that focuses on Annuities and Life Insurance. In the area of Health and Life Insurance, ILC controls 99.9 % of Isapre Consalud, company founded in 1983 as a private health corporation created to provide medical care under the conditions laid down in the 1981 DFL 3 of the Ministry of Health. In addition, it controls 99.9 % of Compañía de Seguros Vida Cámara, which in late 2011 integrated a team of experts and professionals in the health insurance field, in order to expand its product portfolio in the complementary areas of health and life insurance, focusing on supplemental health Insurance, becoming a major player in this business from December 2013. HEALTH SECTOR In the health care provider field, ILC controls 89.9% of the ownership of Empresas Red Salud, which is itself one of the country s leading private inpatient and outpatient health providers. OTHER SECTORS These sectors include Education and Information Technology Services, through its participation in Nahuelcura de Machalí School and iconstruye respectively. Additionally, the Company keeps a financial investment portfolio of approximately $57,978 MM and real estate for lease, comprising a portfolio of approximately $15,600 MM; within these assets are land and office buildings. ANNUAL REPORT ILC 2013

12 / 13

CORPORATE STRUCTURE OF THE COMPANY 67% 89.99% 99.9% 99.9% 99.9% 99.9% RED SALUD ISAPRE CONSALUD CIA. SEGUROS VIDA CÁMARA INVESCO LIMITADA INPRESA 2 99.9% SERV. MÉDICOS TABANCURA 99.0% C. DIAGNÓSTICO CLÍNICA TABANCURA S.A 99.84%(***) CIA. SEGUROS VIDA CÁMARA (PERU) 27.26% A.F.P. HABITAT 40.23% 99.9% CLÍNICA BICENTENARIO 100% SERV. MÉDICOS BICENTENARIO S.P.A 23.1% PREVIRED 52.15% 12.73% CLÍNICA IQUIQUE HOSPITAL CLÍNICO DE VIÑA DEL MAR 51.0% 50.0% REMASA LAB. NEUROFISIOLOGÍA DIGITAL Y ESTUDIO DEL SUEÑO S.A 51.0% DIAGNOLAB S.A 16.4% 99.9% 0.1% INVERSIONES D.C.V S.A. HABITAT ANDINA S.A 99.9% 99.9% INMOBILIARIA CLÍNICA CLÍNICA AVANSALUD 99.0% 99.9% ARAUCO SALUD LTDA. INMOBILIARIA MEGASALUD 51.0% 51.0% INVERSIONES SALUD ARICA S.A INVERSIONES SALUD MILLACURA S.A 99.92% AFP HABITAT S.A PERU 99.9% MEGASALUD 99.0% PROYECTOS DE INV. EN SALUD 51.0% ADM. DE INV. EN SALUD S.A 57.28% INVERSALUD DEL ELQUI S.A 15.46% 50% ADM.CLÍNICAS REGIONALES 2 43.2% CLÍNICA CHILLÁN S.A 96.69% INMOB. E INV. CURICÓ S.p.A 93.37% INVERSALUD PUERTO MONTT S.p.A 62.6% INMOB. E INV. CLÍNICA RANCAGUA S.p.A 94.14% INMOB. E INV. LIRCAY S.p.A 98.15% INVERSALUD VALPARAÍSO S.p.A 68.33% CLÍNICA MAGALLANES S.A 49.24% INVERSALUD CM ATACAMA S.A 51.12% INMOB. E INV. ATACAMA S.p.A 71.07% INVERSALUD TEMUCO S.A 98.41% INMOB. E INV. CLÍNICAS DEL SUR S.P.A 50% 100% ATESA ONCO RED 62.59% 49.99% 100% INVERSALUD LA PORTADA S.A TRANSACCIONES ELECTRÓNICAS ONCO COMERCIAL S.P.A 99.8% 99.9% I-MED AUTENTIA 99.9% I-MED CONSULTORÍA ANNUAL REPORT ILC 2013

14 / 15 61.6% 49.0% 99.9%(*) 32.9% 67% 100% INVESCO INTERNACIONAL DESARROLLOS EDUCACIONALES INV. MARCHANT PEREIRA LTDA. ICONSTRUYE CORP GROUP VIDA CHILE S.A. INMOBILIARIA ILC SPA 18.4% 99.9% INMOBILIARIA TIERRA FÉRTIL 99.9%(**) SOC. EDUC. MACHALÍ 30% ICERTIFICA S.A 99.9% 99.9% SOC. EDUC. HUECHURABA 20.58% CCI MARKET PLACE (COLOMBIA) CORP GROUP VIDA LIMITADA 99.9% 99.9% SOC. EDUC. PEÑALOLÉN SOC. EDUC. TEMUCO 99% IC PERU 72.12% CIA. DE SEGUROS CORPVIDA 99.9% CIA. DE SEGUROS CORPSEGUROS 99.9% SOC. EDUC. CIUDAD DEL ESTE 99.9% SOC. EDUC. V. LO CAMPINO 99.9% SOC. EDUC. PUERTO MONTT 99.9% SOC. EDUC. LO AGUIRRE 99.9% SOC. EDUC. CHICUREO 99.9% SOC. EDUC. CURAUMA 99.9% GESTIÓN EDUCATIVA 99.9% SERVICIOS EDUCACIONALES (*) THE 0.1% OF THE PROPERTY OF INVERSIONES MARCHANT PEREIRA LIMITADA BELONGS TO INVESCO LIMITADA (**) ILC HAS 0.1% OWNERSHIP OF SOCIEDAD EDUCACIONAL MACHALÍ. (***) 0.16% OF THE PROPERTY OF VIDA CAMARA PERU BELONGS TO INVERSIONES LA CONSTRUCCION S.A.

FINANCIAL INVESTMENTS (MILLIONS) $57,978 OPERATING INCOME FROM NON- INSURANCE BUSINESS (MILLIONS) $57,090 NET FINANCIAL DEBT 0.38x ASSETS ATTRIBUTED TO HOLDING COMPANY(MILLIONS) $476,577 DIVIDENDS RECEIVED 2013 CAPITAL MAGAZINE AND SANTANDER GBM, SHOWED THE RANKING OF THE 100 BEST COMPANIES TO INVEST ACCORDING TO SALES, PROFITABILITY AND VALUE CREATION. ILC INVERSIONES WON FIRST PLACE IN THE CATEGORY HIGH VALUE CREATION IN THE HEALTH AND WELFARE SECTOR, DUE TO GROWTH IN 2012 AND PROJECTIONS FOR 2013 61.40% 0.37% 1.40% 4.15% 13.89% 57,090 DIVIDENDS RECEIVED (MILLIONS) 18.79% AFP Habitat Isapre Consalud Red Salud Vida Cámara DDEE Iconstruye OPERATING INCOME FROM NON-INSURANCE BUSINESS (MILLIONS) $645,993 OPERATING INCOME FROM INSURANCE BUSINESS (MILLIONS) $81,268 COMPANY PERSONNEL (PEOPLE) 15 ANNUAL REPORT ILC 2013

16 / 17

ANNUAL REPORT ILC 2013

18 / 19 NET INCOME AND RETURN ON EQUITY RETURN ON ILC V / S IPSA SHARES (Ch$ mill.) (ROE %) 125,000 50% 40% 100,000 32.2% 40% 32% 24% 75,000 50,000 25,000 0-25,000 22.4% 19.2% 19.5% 19.3% 18.4% 16.6% 7.4% 8.7% 9.6% 11.5% 14.1% 11.3% -0.9% 9,983 24,561 17,656 25,146 49,412 27,311 35,162 30,680-2,542 66,841 111,156 81,041 83,031 84,405 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 30% 20% 10% 0-10% 16% OPENING PRICE ILC 8% $7,061 0% 4,393-8% -16% -24% JUL/2012 AUG/2012 SEP/2012 OCT/2012 NOV/2012 DEC/2012 JAN/2013 FEB/2013 MAR/2013 APR/2013 MAY/2013 JUN/2013 JUL/2013 AUG/2013 SEP/2013 OCT/2013 CLOSING PRICE ILC $7,400 NOV/2013 DEC/2013 3,699 ROE Utilidad Real ILC IPSA NET PROFIT AND RETURN ON EQUITY HOLDING COMPANY (MILLIONS) $84,405 RETURN ON HERITAGE 18.4% EMPLOYEES OF THE COMPANY AND SUBSIDIARIES (PEOPLE) 12,367

05 HISTORIC OVERVIEW >1980 Sociedad de Inversiones y Rentas La Construcción S.A. becomes the investment company of the CChC. The purpose of the Company is investment in all types of real estate and shares, stock, bonds and other securities, particularly those issued by institutions of social security, insurance, clinics or hospitals, educational and electronic services. >1981 ILC becomes a founding shareholder of AFP Habitat in the new social security system resulting from D.L. N 3,500. Since then, AFP Habitat has kept a sustained growth, positioning itself as one of the industry leaders. >1982 At the Extraordinary Shareholders Meeting dated April 12, 1982, it was agreed to change the corporate name to Sociedad de Inversiones y Servicios La Construcción S.A. >1989 CChC opens its new 36,000 m 2 building located at the corner of street Marchant Pereira and Avenida Providencia, in order to cope with the operational growth and reunite CChC, AFP Habitat, Isapre Consalud and La Construcción Life Insurance Company in one building. >1996 Inversiones La Construcción and Citigroup become partners with the aim of jointly controlling the AFP Habitat through the company Inversiones Previsionales S.A. >1999 The Company Royal & Sun Alliance increases its ownership of the Life Insurance Company La Construcción to 51%. >2000 Following the division and amendment of the articles of Isapre Consalud, Megasalud S.A. is created as an outpatient provider on 20 November, to provide medical and dental care. >2004 The Company sells 100% ownership of Life Insurance Company La Construcción S.A. to Bicecorp. >2005 CChC contributes 99.9% of Isapre Consalud to the Company, through a capital increase. >2010 ILC reached through a Public Offering, 81.48 % ownership of AFP Habitat, ending its joint action with Citigroup. After the OPA, the Company sold 14 % ownership of AFP Habitat on the market. Life Insurance Company Vida Cámara wins 36% of the tendered SIS for the period between July 2010 and June 2012. Red Salud companies inaugurate expansion of Avansalud Clinic, from 9,000 m2 to 31,000 m2, which includes an investment of $30 million and results in a fully integrated building with state-of-the-art technology >2011 ILC is inscribed in the Securities Register of the SVS and successfully completes its first bond issuance in the market. Desarrollos Educacionales, opens its first subsidized private school, named Nahuelcura, located in the district of Machalí. Life Insurance Company Vida Cámara integrates a team of experts and professionals in the health insurance field, in order to enhance participation in health and life insurance sector. Red Salud opens Bicentennial Health Clinic with more than 62,000 m 2. ANNUAL REPORT ILC 2013

BRANCH 06NETWORK ILC HAS BUSINESSES THAT PROVIDE SERVICES AIMED AT IMPROVING LIFE QUALITY AND WELFARE, ACCORDING TO THE VISION OF ITS CONTROLLING SHAREHOLDER.

/ 22 XV ARICA I IQUIQUE II CALAMA II ANTOFAGASTA III COPIAPÓ III VALLENAR IV LA SERENA IV COQUIMBO IV OVALLE V LA LIGUA V LA CALERA V QUILLOTA V SAN FELIPE V LOS ANDES V QUILPUÉ V VIÑA DE MAR V VALPARAÍSO V SAN ANTONIO VI RANCAGUA VI SAN VICENTE DE TAGUA TAGUA VI SAN FERNANDO VII CURICÓ VII CONSTITUCIÓN VII TALCA VII LINARES VII CAUQUENES VII PARRAL VIII SAN CARLOS VIII YUNGAY VIII LAJA VIII ARAUCO VIII CHILLÁN VIII CABRERO VIII TALCAHUANO VIII CONCEPCIÓN VIII CORONEL VIII LOS ÁNGELES VIII CURANILAHUE IX ANGOL IX TEMUCO IX VILLARICA XIV VALDIVIA XIV LA UNIÓN X OSORNO X PUERTO MONTT X CALBUCO X CASTRO, ANCUD, QUELLÓN X PUERTO VARAS XI COYHAIQUE XI PUERTO AYSÉN XII PUNTA ARENAS XII PUERTO NATALES REGIÓN METROPOLITANA CONCHALÍ MAIPÚ PROVIDENCIA SANTIAGO ÑUÑOA LA FLORIDA PUENTE ALTO LAS CONDES SAN MIGUEL SAN BERNARDO VITACURA MELIPILLA INDEPENDENCIA RECOLETA TALAGANTE ESTACIÓN CENTRAL SAN JOAQUÍN

/ 23 >1984 CChC is, under the new legal regime in the health field, a private corporation called Instituto de Salud Previsional de la Construcción, better known as Isapre Consalud. The Health Insurance Institution opens in January and is currently market leader in terms of beneficiaries and contributors. >1985 1985 Compañía de Seguros de Vida La Construcción is created. >1997 The Company Royal & Sun Alliance acquires 40% ownership of the Life Insurance Company La Construcción and starts participating in its management. The company Desarrollos Educacionales is created, which through various subsidiaries plans, creates and operates educational establishments. >1998 1998 CChC makes Isapre Consalud a corporation, keeping its position as an insurer company. >2001 ILC enters the E-business, by creating a platform for managing purchases and payment to suppliers of La Construction, called iconstruye. >2003 ILC acquires 51% of ownership held by Royal & Sun Alliance of Life Insurance Company La Construcción. >2008 Product of the tremendous growth and positioning of companies and health care providers throughout the country, Red Salud is constituted as a parent with the main objective of managing and controlling the business and shares of health areas related to ILC. >2009 After the Pension Reform of 2008, the Company decides to re-enter the insurance sector to participate in Disability and Survival Insurance (SIS) tenders hired by the Pension Fund Administrators, by acquiring RBS Company (Chile) Seguros de Vida S.A., a subsidiary of Royal Bank of Scotland. That same year the Life Insurance Company Vida Cámara is created and 28% of the SIS is allocated, for the period between July 2009 and June 2010. Red Salud starts construction works of new Bicentennial Clinic, which includes an investment of US $100 million. >2012 ANNUAL REPORT ILC 2013 In the Extraordinary Shareholders Meeting of April 2012, it was agreed to change the corporate name of the Company to Inversiones La Construction S.A. During January, Red Salud makes a successful placement of bonds in the market. ILC successfully makes its market opening, setting the share price at $ 7,061, raising US$ 468 million, becoming the largest market opening ever in the Chilean market. A subsidiary of AFP Habitat, Habitat Andina S.A, was created in 2012, and was awarded the first tender for a 2-year management service of individual accounts of new members of the Private Pension System (SPP) of Peru. >2013 An association between ILC and the British group Cognita is formed in June, selling 51% of Desarrollos Educacionales, in order to focus on the pension and health businesses. AFP Habitat begins operations in Peru in June, after being awarded the first tender of new members of the private pension system for two years. In September, Vida Cámara participates in the tender of the Disability and Survivors Insurance in Peru, winning two of seven parts. In November, ILC acquired 67% of Corp Group Vida Chile S.A., after a due diligence that began in September, indirectly acquiring the Life Insurance Companies CorpVida S.A. and CorpSeguros S.A., a transaction reaching an amount of CLP $87,250 million and whose equity represented approximately 13% of the equity securities of ILC.

SOCIAL 07RESPONSIBILITY IN 2014, RESOURCES WERE APPROVED TO IMPLEMENT 52 SOCIAL PROJECTS, REACHING THE MILESTONE OF HIGHEST SOCIAL INVESTMENT MADE BY THE CCHC WITH AN AMOUNT OF UF 426,062, WHICH WILL IN TURN PROVIDE 247,370 QUOTAS FOR SOCIAL BENEFITS. The Chilean Chamber of Construction - as controlling shareholder of Inversiones La Construction - participates through Social CChC in various social projects, which are a mechanism for member companies to engage in CSR. These projects arise as a response from the entrepreneurs of La Construcción, partners of La Cámara, and to the needs of their workers and their families in the areas of Training, Health, Housing, Education, Social Development, Culture, Sports and Recreation. CChC Social is established to coordinate and bring together non-profit organizations available to the member companies of the Chilean Chamber of Construction. These entities are responsible for the implementation of social projects in various fields of action, complying with the social commitment of construction companies to improve the quality of life of workers and families of the area. During 2013, Social CChC executed a total of 66 social projects, reaching a social investment of UF 327,612, providing 227,312 quotas, of which 205,053 are targeted to benefit construction workers and their families, and the difference to young people and children from the High Schools Coreduc and Children Centers Coprin. Additionally UF 25,113 was invested in the hospital plan Construye Tranquilo (build in peace), reaching a total of 14,797 beneficiaries. Resources to implement 52 social projects were approved for 2014, reaching a historic high of social investment made by the CChC for an amount of UF 426,062, which will in turn provide 247,370 quotas for social benefits. The amount allocated to inpatient plan continuity Construye Tranquilo is UF 27,198, providing health coverage for 25,200 construction workers and their families. ANNUAL REPORT ILC 2013

24 / 25

MANAGEMENT 08RESULTS ILC S NET INCOME DURING 2013 AMOUNTED TO $84,405 MILLION. At 31 December 2013, ILC Inversiones recorded a profit for the period (6) of $ 84.405 million, 1.7% higher than the $83,031 reported in the same period of the previous year. Moreover, the total operating income (1+3) of the Company was $ 94,438 million, 23.8% lower than the same period last year; this is explained mainly by lower operating results of Vida Cámara. At December 2013, the revenue from ordinary activities (non-insurance business ) increased by 11.4% compared to December 2012 due to higher income from Consalud (6%), mainly due to higher numbers, income of contributors and sales in Red Salud (5%), associated mainly to increased activity in Megasalud and Bicentenario Clinic. STRUCTURE OF INCOME FOR THE PERIOD 2013 MM$ 2012 MM$ Operating income from non-insurance business (1) 94,594 96,753 Non-operating income from non-insurance business (2) 32,258 13,829 Operating income from insurance business (3) (156) 27,169 Non-operating income from insurance business (4) 1,366 371 Tax and Income from Non-controlling parties (5) (46,657) (55,090) PROFIT FOR THE PERIOD (6) 84,405 83,031 (1) Includes accounts : Revenue from ordinary activities, Cost of sales, profits resulting from derecognition of financial assets measured at amortized cost, other income by function, distribution costs, administrative expenses, marketing expenses, research and development costs, other operating expenses and other gains (losses). ( 2) Includes accounts: Financial income, financial costs, participation in profits (losses) of associates and joint ventures, exchange differences, results for indexed, gains (losses) arising from the difference between the previous carrying amount and the fair value of reclassified financial assets measured at fair value. (3) Includes net income accounts for interest and adjustments, Total operating income for the insurance company, Total operating cost for the insurance company and Total operating expenses. (4) Includes Total other income and expenses account. (5) Includes accounts: Income tax (non-insurance and insurance business) and income (loss) attributable to non-controlling interests. (6) Represents the income attributable to owners of the Parent. ANNUAL REPORT ILC 2013

26 / 27

During 2013, the income of the insurance business decreased by 18.0% compared to December 2012 due to lower premium income of Vida Cámara, associated with the Disability and Survivor s Insurance (-66 %), partly offset by premium income from Corp Group Vida Chile (48%). Total non-operating income of ILC Inversiones to December 2013 reported a profit of $36,624 million, 158% over the $ 14,199 million resulting from the same period last year. This variation is mainly explained by the Badwill resulting from the acquisition of 67% of Corp Group Vida Chile. RESULTS BY INDUSTRY Security Sector: its operating income was $82,632 million in 2013 and it was mainly due to the operating income of AFP Habitat of $75,919 million (92% of the sector), higher than last year s $73.426 million or 3.4 %, Isapre Consalud $7,070 million (9% of the sector), lower than the $11.957 million or -40.9 % compared to 2012, Corp Group Vida Chile $1,747 million (2% of the sector) and Life Insurance Company Vida Cámara $ - 2,104 million (-3 % of the sector), lower than the $27.169 million or -107.7 % from last year. Health Sector: its operating income was $ 13,205 million as of December 2013, $ 9.185 million or 43.8% over the previous year. Note that at the beginning of 2011, Red Salud opened its subsidiary Bicentenario Clinic to the public, which still maintains a marginally negative result related to the launch of its facilities. Other Sectors and Parent: had an operating income of $ 1,399 million during fiscal year 2013. 2013 MAJOR MANAGEMENT MILESTONES During March, a Peruvian subsidiary of Vida Cámara was incorporated, in order to participate in operations regarding the Disability and Survivor s Insurance, taking advantage of the reform established by Law No. 26,702, Law of the Financial System and Insurance System and Organic Law of the Superintendence of Banking and Insurance of Peru. Thus, on August 6 it received authorization, and participated in the first bidding process of the SIS in September, under this new modality. Vida Cámara (Peru) was awarded two fractions of seven, thus contributing actively in the reform process of the SIS in Peru. On June 18 the sale of 51% of Desarrollos Eduacionales S.A. to Cognita Chile Limitada took place, a subsidiary of the international education group Cognita, which excluded ILC shares in Sociedad Educacional Machalí S.A. This transaction represented approximately 0.6 % of the assets of ILC. The resulting partnership between Cognita Chile and Educational Development, will improve school standards, benefiting school students, which is consistent with the spirit of the Chilean Chamber of Construction. On 23 September, a Memorandum of Understanding is signed between ILC and the shareholders of Corp Group Vida Chile S.A., mainly stating ILC s acquisition of 67 % stake in Corp Group Vida Chile S.A., parent company of Life Insurance Companies CorpVida S.A. and CorpSeguros S.A. On November 18, 67% of CorpGroup Vida Chile S.A. is acquired COMPOSITION OF KEY ACCOUNTS OF THE BALANCE AND FINANCIAL RATIOS ASSETS AND LIABILITIES IN THE NON-INSURANCE BUSINESS 2013 MM$ 2012 MM$ Cash and cash equivalents 125,782 85,421 Current financial assets 25,376 89,517 Non-current financial assets 243,101 214,522 Property, plant and equipment 205,929 234,240 Investment properties 22,749 26,867 Current financial liabilities 42,798 28,361 Non-current financial liabilities 353,752 186,821 Trade Accounts payables 84,016 80,459 ASSETS AND LIABILITIES INSURANCE SERVICES Cash and Bank deposits 47,986 2,010 Securities 3,511,477 88,840 Investment properties and similar 523,157 0 Obligations with banks 51,681 320 Other financial obligations 924 0 Total equity 717,897 581,185 Net debt (1) 0.38x 0.14x Return on equity (2) 18.4% 19.3% (1) (Current Financial Liabilities + Noncurrent Financial Liabilities + Obligations with Banks + Other Financial Liabilities - Cash and cash equivalents - Cash and Banks Deposits) / Total Equity. (2) ROE calculated as income for the year attributable to the Holding company / average equity attributable to the holding company. and a Shareholders Agreement is carried out along with the other shareholders of the company, which doesn t including a joint action agreement in the management of the companies involved. With this acquisition, ILC becomes the holding company of the Life Insurance Companies CorpVida S.A. and CorpSeguros S.A., companies whose product offerings complement the range of insurance currently offered by the group in the field of life insurance, most notably annuities, a service of which both companies have approximately 15% market share. ANNUAL REPORT ILC 2013

28 / 29

09SUBSIDIARIES ANNUAL REPORT ILC 2013

30 / 31

SUCCESSFUL RESOURCE MANAGEMENT FOR BETTER PENSIONS. ANNUAL MEMORIA REPORT ANUAL ILC 2013

32 / 33 SECTOR SECURITY SECTOR BESIDE YOU TO PROVIDE THE BEST ADVISING SERVICE.

TOTAL NUMBER OF AVERAGE MONTHLY CONTRIBUTORS (YEAR 2013) 1,253,360 MONTHLY AVERAGE N OF AFFILIATES (YEAR 2013) 2,131,306 N OF BRANCHES 27 SERVICE CENTERS 8 HABITAT IS CHARACTERIZED BY AN INVESTMENT POLICY THAT ENSURES THAT FUND MANAGEMENT IS DONE IN A RESPONSIBLE, TRANSPARENT MANNER; ALWAYS PROTECTING ITS MEMBER S INTERESTS. AFP Habitat, hereinafter Administrator is a public company, incorporated in 1981 under the new pension system, where the Company participates as a founding shareholder. In 1996, ILC and Citigroup became partners and took control of AFP Habitat, with an ownership of 80.46%. At the end of 2012, after the public stock offering and subsequent sale of 14% on 2010, ILC remained as holding company of AFP Habitat with 67.5 % ownership, through the firms Inversiones Previsionales Dos S.A. and Inversiones La Construcción Ltda. N WORKERS 1,254 (Chile) 84 (Peru) The 2008 pension reform consolidated the existing pension system and included some business changes in the industry, such as joint bidding, Disability and Survivor s Insurance, and the tendering of new affiliates. In August 2010, a new administrator joined via affiliate bidding, AFP Modelo, to which all new workers entering the labor force are compelled to join; being free to choose their pension fund administrator after two years. This marked a change in the competitive conditions of the market for the Pension Fund Administrators, as the relative share in the MOBIL CARE 22 AFP HABITAT OWNERSHIP STRUCTURE COMPANY SHAREHOLDING 2013 % INVERSIONES PREVISIONALES DOS S.A. 40.23% INVERSIONES LA CONSTRUCCION LIMITADA 27.26% BANCO DE CHILE ON ACCOUNT OF NON- RESIDENT THIRD PARTIES 4.14% INVERSIONES UNION ESPAÑOLA S.A. 3.70% LARRAIN VIAL S.A. STOCKBROKERS 2.80% BCI CORREDORES DE BOLSA S.A. 2.01% VALORES SECURITY S.A. STOCKBROKERS 1.63% BANCO SANTANDER ON ACCOUNT OF FOREIGN INVESTORS 1.43% BANCHILE CORREDORES DE BOLSA S.A. 1.36% SANTANDER S.A. CORREDORES DE BOLSA S.A 1.17% BTG PACTUAL CHILE S.A. STOCKBROKERS 0.8% OTHERS 13.47% Source: Chilean Securities and Insurance Commission ANNUAL REPORT ILC 2013

34 / 35

ANNUAL REPORT ILC 2013

ASSETS (MILLIONS) $308,407 EQUITY (MILLIONS) $256,328 ORDINARY INCOME (MILLION) $128,458 NET EARNINGS (MILLIONS) $79,473 36 / 37 compulsory savings market presented a slight decline as a result of the tender preventing other Administrators from attracting new incomers to the work force. During the first half of 2012, the second tender was held for the second time and AFP Modelo won with a commission of 0.77 % from August 2012. On June 1, 2013 AFP Habitat S.A. began operating in Peru, giving rise to the incorporation period for all workers who start work and opt for the Private Pension System (PPS), which was awarded to the Administrator in accordance with the tender issued at the end of the preceding year for 24 months. AFP Habitat participates in the pension industry, which is governed by the DL 3.500, managing pension funds related with the compulsory pension savings and voluntary savings, including voluntary pension savings account (APV) and voluntary savings account (CAV). It also provides pensions in the form of programmed withdrawal pensions and temporary income. AFP Habitat focuses its business activities on the: Administration of compulsory retirement savings of the members. Administration of voluntary non-retirement savings or unrestricted (CAV). Administration of voluntary retirement savings (APV and APVC) Granting and payment of programmed retirement savings and temporary retirement income of pensioned members. Additionally AFP Habitat provides the following services: Support for the social security and investment management, including the collection of electronic social security contributions through its investment in Servicios de Administración Previsional S.A (Previred) and administration of documents representing financial assets through its investment in Depósito Central de Valores S.A. (DCV) 1. Administration of the Unemployment Insurance, through investment in Administradora de Fondos de Cesantía de Chile S.A. 2 At year-end 2013, AFP Habitat had a total of 2,117,127 members, representing 22.2% of the social security system, ranking second in the market, with a monthly average of 1,253,360 total contributors and an average monthly income that amounted to UF 27.17, increasing by 7.8% in real terms compared to 2012; this growth was 5.0% higher than the rise in earnings of the Pension Fund system. Assets of the pension funds managed by AFP Habitat at December 31, 2013 amounted to U.S. $ 42,722 million with a 26.2 % market share. AFP HABITAT S INTEREST IN TOTAL PENSION FUND SYSTEM CONTRIBUTORS TO DECEMBER 2013 Source: Superintendence of Pensions. EVOLUTION OF ASSETS UNDER MANAGEMENT OF AFP HABITAT (US$ MILLIONS) 50,000 40,000 30,000 20,000 10,000 33.7% HABITAT 23.5% 0 19,246 Source: Superintendence of Pensions. 4.9 MILLION OF CONTRIBUTORS 23,368 27,824 24,129 31,094 3.4% 8.9% 10.8% 19.7% 36,554 34,314 Plan Vital Cuprum Modelo Capital Habitat Provida 41,928 42,722 2005 2006 2007 2008 2009 2010 2011 2012 2013 1. Central Securities Depository 2. Severance Fund Administrator

In regard to pension savings, AFP Habitat leads in the balance management of their Voluntary Pension Saving (APV) and Voluntary Savings Account (CAV) products, with a market share of 35.3% and 35.9 %, respectively. During 2013, AFP Habitat won first place in annual average return for funds D and E in a period of 36 months. Also, for the fourth year, AFP Habitat reached first place in the five funds managed, in a 5-year period (60 months). The results achieved were acknowledged by the international consulting firm Fund Pro Latin Asset Management, who distinguished AFP Habitat with two awards: The Pension Fund Administrator of the Year for its performance in the 5 funds as a whole, considering the best performance over a period of 36 months to June 2013, and a special award for the best return on Funds C, D and E. BUSINESS MANAGEMENT 2013 Insofar as the stock market is concerned during the course of 2013, a marked divergence between emerging and developed markets was observed. Having taken timely action was key to the performance of the investment decisions made, and therefore the profitability of funds. In fact, exposure to emerging markets funds was reduced by 10 %. This resulted in a profit of $14.649 million for the cash reserve, which compares favorably to last year s profit of $13,061,000. During fiscal 2013, income from commissions showed an increase of $9,789 million compared to 2012, almost entirely explained by the positive developments of the job market as reflected in increased earnings. This managed to offset a commission reduction of the compulsory savings quota from 1.36 % to 1.27 %, and pension payments from 1.25% to 0.95%. The Administrator s net income for 2013 was $79,473,000, representing 6.5% increase over the previous year s earnings of $74,590 million. Regarding operating expenses, there was an increase of $ 8.336 million, a situation that can be explained by the implementation of a plan of improvements in both availability and quality of services to our customers. Service Management - in force from 2013 - that reports directly to General Manager, is an example of Habitat s commitment to its affiliates. In addition, an implementation of operational improvements was initiated, based on the LEAN methodology, aimed at increasing process efficiency and improving response times to affiliates. Additionally, Habitat s mobile branches (Habitat Móvil) - that reach remote municipalities - expanded to 22, allowing Habitat to reach 177 communes. These measures, along with the advertising campaigns aimed at social security education, transformed Habitat in the most memorable and preferred Pension Fund Administrator according to market research firm IPSOS. During January, 63,782 shares issued by the fund management company Sociedad Administradora de Fondos de Cesantía de Chile S.A. were sold to the company. The transaction totaled $3.438 million and represented a profit for AFP Habitat of $2,535 million. In June AFP Habitat S.A. started operations in Peru, after winning the bid for new incomers to the work force for 2 years, in December 2012. At year-end 2013, the number of members reached 110,385, with a market share of 2.0% EARNINGS OF AFP HABITAT WITHOUT ENCAJE (CL$ THOUSAND MILLIONS) EVOLUTION OF STOCK PRICE OF AFP HABITAT V/S IPSA 80 70 60 50 40 30 20 10 0-10 -20-30 27-22 27 54 20 56 64 62 65 2008 2009 2010 2011 2012 2013 YEAR -2 13 15 15% 10% 5% $910 0% -5% 4,349-10% -15% -20% -25% -30% JAN/2013 FEB/2013 MAR/2013 APR/2013 MAY/2013 JUN/2013 JUL/2013 AUG/2013 SEP/2013 OCT/2013 NOV/2013 DEC/2013 $696 3,699 Encaje Habitat S/ Encaje Source: ILC. AFP Habitat IPSA ANNUAL REPORT ILC 2013

38 / 39

CONSOLIDATED ASSETS (MILLIONS) $4,256,176 CONSOLIDATED LIABILITIES (MILLIONS) $4,050,665 EQUITY (MILLIONS) $205,511 EARNINGS OF THE HOLDING COMPANY (*) (millions) $1,736 CORP GROUP VIDA CHILE S.A. (* ) November-December 2013 EVOLUTION MANAGED ASSETS CORP GROUP VIDA CHILE (U.S. $ BILLION) 10 22.4% 3.8% 8.13 7.88 8 7.14 7.17 5.6% 6.72 5.9% 6 TOTAL MARKET AUM. 8.6% 4 US$ 47.4 Bn 9.2% 2 0 2009 2010 2011 2012 2013 MARKET PARTICIPATION ON ASSETS UNDER MANAGEMENT CGVC 16.6% 14.7% 13.1% Others Corpgroup Vida Chile Consorcio Nacional MetLife Principal BICE Vida Chilena Consolidada Penta Vida Cruz del Sur On September 23, 2013, ILC signed a Memorandum of Understanding with Inversiones Corp Group Interhold Ltda., Corp Group Banking S.A. and FIP Corp Life, single shareholders of the company Corp Group Vida Chile S.A., holding company of insurance companies CorpVida S.A. and CorpSeguros S.A. This agreement states that ILC will acquire 67% of the total issued, subscribed and paid stocks of Corp Group Vida Chile S.A., all the social rights of Corp Group Vida Ltda. and a stock of the insurance company CorpSeguros S.A., owned by Inversiones Corpgroup Interhold Ltda. On November 18, the acquisition of Corp Group Vida Chile S.A. takes place, with a 72.1% ownership of CorpVid and 99.9% ownership of CorpSeguros. Both companies are focused on life insurance, being annuities the most important line within their portfolio. ILC began consolidating the results of Corp Group Vida Chile from November 1, 2013. During this period, the firm contributed a net profit of $ 1,736 million to the Company. This has led ILC to become a major player in the life insurance industry; both companies having a 16.6% market share of managed assets, 14.7% of direct premium annuities, and a total direct premium of 8.1% to December 2013. MARKET PARTICIPATION DIRECT PREMIUM ON ANNUITIES 18.1% CGVC 14.7% TOTAL MARKET PREMIUMS US$ 3.3 Bn 6.7% 6.9% 8.2% 8.6% 10.7% 13.0% 13.0% Source: Chilean Association of Insurers Others Corpgroup Vida Chile Consorcio Nacional MetLife Principal BICE Vida Chilena Consolidada Sura Penta Vida ANNUAL REPORT ILC 2013

40 / 41

TOTAL NUMBER OF CUSTOMERS 267,750 INSURED 223,000 PENSIONED MEMBERS 44,750 INDIVIDUAL LIFE POLICY NUMBER 33,000 WE SEEK TO PROVIDE FINANCIAL SECURITY TO OUR CUSTOMERS THROUGHOUT THEIR LIVES, BY PROVIDING AN EXCELLENT SERVICE, AND ACTING RESPONSIBLY AND ETHICALLY. The start of CorpVida dates back to 1989, when it was incorporated as Compensa Compañía de Seguros de Vida S.A. In 1996, Corp Group and the North American Mass Mutual International, acquired Compensa Compañías de Seguros S.A. and changed its name to Compañía de Seguros Vida Corp S.A. Four years later the company merged with the same group Mass Seguros de Vida S.A. leaving Life Corp as one of the strongest Life Insurance Companies in the market. In 2006, the company moved to the corporate headquarters of Holding CorpGroup, and changed its name to Compañías de Seguros CorpVida S.A. to unify its image. The company has been controlled by ILC from November 2013, under the sustainable growth strategy in the field of Annuities, Insurance and Savings. Today the company presents itself as one of the market leaders in Annuity with 19 branches throughout Chile, with approximately 267,000 customers, of which 44,750 are pensioned members. Compañía de Seguros CorpVida S.A. focuses its business activities on: Granting and payment of pensions in the form of Annuities to pensioned members. Individual Life Insurance Consumer Credits for Pensioned Members Mass Market Insurance At year-end 2013, CorpVida, the area of annuities raised a total of UF 9,372,439, decreasing by 5.3 % over the previous year. With this figure, the company got 3rd place in the ranking of companies that provide this service, with a 12.5 % interest and an average premium of UF 2,055. Meanwhile, the business of Individual Life Insurance expanded 12% over 2012, well above the 2% growth achieved by the market. In the area of consumer loans for Pensioned Members in 2013, the Company supported it members by approving 6,805 consumer loans, reaching historic highs in the number of operations performed for the fourth consecutive year. This represented a net placement of UF 175,913, growing 10% over 2012. Finally, in the business of Mass Market Insurance, the total revenue for the year 2013 was of UF 775,650, which represented a decrease of 14 % compared to 2012, due to losing the mortgage (debt) relief contract held with Condell Corpbanca banks. AVERAGE MONTHLY VISITS TO CORPORATE WEB SITE 17,000 ASSETS (MILLIONS) $2,230,608 EQUITY (MILLION) $143,981 NUMBER OF BRANCHES 19 ANNUAL REPORT ILC 2013

42 / 43

OUR BUSINESS IS FOCUSED ON SUSTAINING A LONG-TERM RELATIONSHIP WITH CUSTOMERS, AS THE DECISION TO CHOOSE AN INSURANCE COMPANY FOR RETIREMENT IS BASED ON THEIR CONFIDENCE IN OUR SOLUTIONS. CorpSeguros was born resulting from a long history of working with the insurance industry companies. Its story begins with the insurance company Aetna. In 2001, ING life insurance acquired ownership of Aetna, transforming the Company into the domestic market leader reaching a market share of 15%. On September 29, 2009, SVS approves the revision of the statutes and division of ING Seguros de Vida S.A., which gave rise to ING Seguros de Rentas Vitalicias S.A. On ASSETS (MILLIONS) November 10, 2009, CorpGroup Interhold S.A. purchased 100 % of the shares of ING Seguros de Rentas Vitalicias S.A. That same month, the SVS approved its name change to Compañía de Seguros CorpSeguros S.A. In November 2013, ILC became shareholder and holding company as a result of the acquisition of its parent Corp Group Vida Chile S.A., given ILC s strategy of sustainable development and growth in the field of welfare and protection to customers. EQUITY (MILLIONS) Currently, CorpSeguros manages payment of about 50,000 pensions of annuity customers, which are served in 19 branches throughout Chile. Compañía de Seguros CorpSeguros S.A. focuses its business activities on: Granting and payment of pensions in the form of annuities to pensioned members. Consumer Credits for Pensioned Members In the area of annuities during the year 2013, CorpSeguros collected UF 1,708,129, dropping 30% compared to 2012 and reaching 2.3% market share, with an average premium of UF 5,272, the highest in the market and consistent with the company s sales strategy. For its part, the Company consolidated the position of Consumer Credits for Pensioned Members, as support for its pensioners, delivering 4,927 consumer loans, 22% more than in 2012, resulting in a net placement of UF 125,550, surpassing 26% to last year s placement. Assets Administered by CorpSeguros to December 31, 2013 were $ 3.8 billion with 7.9% market share. $2,025,494 $183,990 ANNUAL REPORT ILC 2013

44 / 45

ANNUAL REPORT ILC 2013

46 / 47 2013 BUSINESS MANAGEMENT: CORPVIDA S.A. AND CORPSEGUROS S.A. During 2013, the Companies were focused on introducing all the legal and regulatory changes that arose product of the enactment in April 2013 of the new Trade Act N º 20.667 for the Chilean insurance market, which provides a framework for greater legal certainty and minimum guarantees, greater market transparency, establishes clear customer rights and obligations, along with a more standardized regulation of contracts. These changes forced companies to make various adjustments and operating systems and procedures, in order to adapt them successfully as of their effective date, on 1 December. Meanwhile, in the field of Loans to Pensioned Members, changes made to the Maximum Legal Rate were implemented in December, incorporating a new rate segment for operations whose quota payment mechanism is made directly from the debtor s pension. It aims to benefit these debtors thanks to the lower risk related to these loan transactions. Additionally, a project focused on strengthening the operational risk was developed, in which a number of tools were used to timely identify potential risks and incidents that can occur within the defined processes. In the commercial area, the Assistant Manager of Customer Experience department was created, which is responsible for delivering post sales service and helping the company achieve a customer-focused culture, which includes the project Pasión por el Cliente (Pasion for the Customer), which restructures the business model, puts the customer at the center, and thereby strengthens the Company s image. Proof of this is that for the first time special campaigns were carried out for consumer loans, to support specific segments of pensioned members, who were extended an attractive and distinctive offer according to their attributes, thus boosting this business results. Regarding people, two challenges were raised in 2013. The first was related to the diffusion and internalization of our values, with particular emphasis on the tasks at hand arising from the Passion for the Customer framework, and the second, to continue managing the working environment. In fact, both were met. Different actors of the Companies participated actively in the project Passion for the Customer, and regarding work environment, there was an improvement of 81% in Vision Area and 74% in Corporate Vision, based on the GPTW measurement. In the field of financial investments during 2013, with the aim of reducing portfolio risk through greater diversification, exposure increased to international debt issuers currently representing more than 10% of the portfolio, especially in Latin American fixed income; thereby increasing return. Furthermore, given the local low rate situation, the opportunity was taken to liquidate investments that did not provide the expected return and were replaced by others that were more attractive from a riskreturn point of view. With regard to investment, there was an increased interest in this type of investment in the portfolio. The focus was on increasing financial leasing business, which by its level of related risk-return and investment term, make it an interesting asset for the Company.

NUMBER OF CONTRIBUTORS NUMBER OF BENEFICIARIES N OF WORKERS N OF BRANCHES NATIONWIDE 361,204 675,665 1,686 88 OUR MISSION IS TO PROVIDE HEALTH COVERAGE TO OUR BENEFICIARIES IN A TIMELY AND EFFECTIVE MANNER, PROVIDING ACCESS TO TOP-LEVEL, PROVIDERS AND GUIDANCE ON USING THEIR HEALTH PLAN TO GET EFFICIENT SOLUTIONS FOR THEIR HEALTH NEEDS. Consalud was incorporated in 1983 as a private health corporation created to provide medical care under the conditions set in the DFL 3 of 1981, of the Ministry of Health. Between 1984 and 1998 Isapre Consalud entered the domestic industry as a private network of primary health, with a state-of-the-art infrastructure with 33 medical and dental centers throughout Chile. In 2000, Isapre Consalud was divided into the areas of insurance, outpatient and hospital providers, support and investment. Consalud adopted the single line of insurance business, dedicating exclusively to provide private health plans coverage, leaving the provision of ambulatory health services to a new company under the name Megasalud S.A., which is still in operation. Clinics, support areas and the other investments were grouped, by line of business, in other companies. In Chile the Health Plan Providers cover 3.2 million people across 13 institutions, of which 7 are open and account for over 96% of all contributors. The remaining 6 companies are closed and are linked to companies that only allow access to their employees and their immediate family. Isapre Consalud has set to be the access channel to Chile s private health for all services required, through a strategy that seeks to build an innovative range of products and that constitutes a real health insurance for its beneficiaries, by counting on a strong partnership with health care providers, as well as detailed knowledge PARTICIPATION OF ISAPRE CONSALUD IN TOTAL CONTRIBUTORS OF THE PENSION FUND SYSTEM TO DECEMBER 2013 0.8% CONSALUD 21.5% 21.2% 1,688,393 TOTAL SYSTEM 4.4% 20.8% 16.1% 15.2% Colmena Cruz Blanca Vida Tres Ferrosalud Masvida Banmédica Consalud Source: Superintendence of Health ANNUAL REPORT ILC 2013

48 / 49

ANNUAL REPORT ILC 2013

ASSETS (MILLIONS) EQUITY (MILLIONS) NET INCOME (MILLIONS) TOTAL INCOME (MILLIONS) 50 / 51 $99,685 $13,476 $8,000 $312,320 PARTICIPATION ISAPRE CONSALUD IN TOTAL BENEFICIARIES OF ISAPRE SYSTEM TO DECEMBER 2013 0.5% CONSALUD 21.8% 21.0% Source: Superintendence of Health 3,104,957 TOTAL SYSTEM of the needs and characteristics of its current and potential customers. Isapre Consalud has excellent professionals, who constantly update their technological and health-related knowledge, adapting to new developments that arise, in order to use them for the welfare and health of their members. Thanks to excellent service, designed to ensure that beneficiaries get everything they need 4.5% 20.8% 15.9% 15.5% Colmena Cruz Blanca Vida Tres Ferrosalud Masvida Banmédica Consalud efficiently and with quality, isapre Consalud is number one in market share terms, with 361,204 contributors and 675,665 beneficiaries. 2013 BUSINESS MANAGEMENT 2013 was a challenging year marked by legal aspects, where 145,304 appeals for legal protection were presented to the Judicial Branch due to the price raise of health plans, tripling the figure for 2012. In July 2013, due to the inclusion of 11 new diseases included in the Auge 3 plan and increased coverage of 56 of the existing ones, the monthly price of the GES plan increased from UF 0,164 to UF 0,325 per beneficiary per month, in line with the technical cost published by the government. This increase is consistent with the costs increase resulting from these 11 new diseases, and is necessary because Isapre Consalud must maintain the quality of service that has characterized it through time. In addition, during 2013 the bill presented to the Executive in December 2011, which aims to reform the private health system, proposing a Guaranteed Health Plan, a health CPI to generate tariff adjustments and the elimination of preexisting assets among other topics; was widely debated by MPs, without reaching an agreement, mainly because of the damage it would cause to the system should it be implemented. This is why the incoming government will develop a new reform which will be developed through a multisectorial table. To these challenges we can add the rise in claims at the industry level, almost entirely explained by the significant increase in sick days recorded during 2013, against which Consalud is already taking steps to contain the increase in costs; a trend that is expected to continue in the future. In the commercial sector during 2013, Isapre Consalud developed The New Model of Business Value (Project Marco), which aims to empower commercial areas by giving them a more active role in adding value to daily activities, seeking to strengthen relationships with high potential customers, in order to improve their welfare and permanence in Consalud. Additionally, Isapre Consalud is focusing its efforts on the university youth segment through different virtual channels. All the above measures were successful, in fact, of the total UF sold in 2013, 35% correspond to this segment. At year-end 2013, the Company is leading in the industry with a market share of 21.5 % in terms of contributors and 21.8 % in terms of beneficiaries. In the sales area, the strategy of enhancing the offer with plans and products associated to high potential segments resulted in a revenue increase of 13.4% compared to 2012, which was offset by higher claims which rose 16.5% over the previous year; resulting in a net profit for ILC of $8,000 million, down in 22.4% to that obtained in 2012. 3. Translator s Note: Chile s Universal Access Plan of Explicit Guarantees (or AUGE Plan) consists of according to the established in Law Nº 19.966 a sanitary regulation that guarantees access to health promotion, protection and recovery actions.

ASSETS (MILLIONS) $77,549 EQUITY (MILLIONS) $13,968 NET INCOME (MILLIONS) $-1,461 TOTAL DIRECT PREMIUMS (UF THOUSANDS) 1,130 OUR MISSION IS TO BE A MAJOR PLAYER IN THE CHILEAN INSURANCE MARKET, PROVIDING INNOVATIVE, SIMPLE, AND CLEAR SOLUTIONS WITH HIGH STANDARDS OF SERVICE. Compañía de Seguros Vida Cámara (hereinafter also Vida Cámara ), was born in 2009 with the acquisition of 99.9% of the shares of RBS (Chile) Seguros de Vida S.A., a subsidiary of Royal Bank of Scotland. Inversiones La Construcción re-enters the insurance sector through this operation in order to participate in tenders of the Disability and Survivor s Insurance (SIS) hired by the AFP after the Pension Reform of 2008 which requires the Pension Fund Administrators (AFP) to tender such insurance. Vida Cámara was awarded 27% of the first public notice of the SIS for the period between July 2009 and June 2010 and the remaining 73% was distributed in four other companies. In April 2010, Vida Cámara was awarded 36% of the second tender for the period between July 2010 and June 2012. Vida Cámara has not been re-awarded the new public tender of the SIS, however this product continued to provide significant resources during 2012, strengthening the company s growth in the new segments where it participates. ILC strategy consolidates during 2012, expanding Vida Cámara s operational scope, with a growth plan that includes the development of new products, mainly oriented to group ones. Today, Vida Cámara offers Life, Supplementary Health and Catastrophic insurances that offer the possibility of incorporating existing assets. Additionally, in partnership with Red Salud, it ventures into the mass market insurance with an increased coverage of greater expenses through the clinics Tabancura, Avansalud and Bicentenario. This plan aims at enhancing Vida Cámara s participation in the insurance business, making it a major player in the Chilean market that provides innovative, simple and transparent solutions, with high standards of service. BUSINESS MANAGEMENT 2013 In March, a Peruvian subsidiary of Vida Cámara is established, in order to participate in the operations of the Disability and Survivor s Insurance, seizing the opportunity created in the Peruvian market reform established by Law No. 26,702, Law of the Financial System and Insurance System and Organic Law of the Superintendence of Banking and Insurance of Peru. ANNUAL REPORT ILC 2013

DIRECT PREMIUM HEALTH INSURANCE GROUP (MILLIONS) $23,178 N OF INSURED 219,957 N OF WORKERS IN CHILE 228 N OF WORKERS IN PERU 6 52 / 53 EVOLUTION OF EARNINGS OF LIFE INSURANCE COMPANY VIDA CÁMARA ($ MILLIONS) 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0-5,000 34,095 28,451 22,089 7,281-1,461 2009 2010 2011 2012 2013 Thus, authorization to operate was received on August 6, and in September it participated in its first bidding process under the new SIS mode. Vida Cámara (Peru) won two fractions of a total of seven, hence contributing actively to the SIS reform process in Peru. In December 2013, the new Chilean Law No. 20,667 governing insurance contracts - which had not been amended since 1865 - came into force. This new law focuses on policyholder protection as for insurance consumers, which was absent in the old law. The new legal framework resulted in the review of all processes involved in the issuance of a policy, including the contents of the general conditions. Under the new law, Vida Cámara continues planning oriented to product development, in the market of life and health group insurances. At December 2013, UF 1,129,770 was collected for direct premiums, covering 219,957 policyholders. Finally, the return on equity was -7.07 % and net income was $ 1,461 million. MARKET SHARE OF DIRECT PREMIUM OF COLLECTIVE HEALTH INSURANCE 20.65% 15.10% 14.91% Source: Chilean Association of Insurers Total Market US$ 523.9 millions 7.3% V.C. 8.43% Sura 9.30% MetLife Security Previsión 12.22% 12.25% Vida Cámara EuroAmérica BICE Vida Cruz del Sur Others

THE MOST SPECIALIZED MEDICAL SERVICES THROUGHOUT CHILE. ANNUAL REPORT ILC 2013

54 / 55 SECTOR HEALTH RIGHT BESIDE YOU FOR BETTER HEALTH.

CONSOLIDATED ASSETS (MILLIONS) TOTAL INCOME (MILLIONS) TOTAL ASSETS (MILLIONS) NET INCOME (MILLIONS) $299,236 $192,426 $116,979 $4,216 OUR COMMITMENT IS TO PROVIDE BROAD ACCESS, WITH HIGH QUALITY STANDARDS, ACCORDING TO THE PRINCIPLES AND VALUES OF THE CHILEAN CHAMBER OF CONSTRUCTION. Empresas Red Salud (hereinafter Red Salud ) was incorporated in April 2008, with the aim of developing a network of providers nationwide. Furthermore, in March 2010, Red Salud became a partner of Sociedad Servicios Médicos Dial S.A., and Inmobiliaria Clínicas Regionales S.A. with the purpose of developing a network of providers in regions. In May 2011, Mutual de Seguridad (mutual insurance association) became shareholder of Red Salud, strengthening the company s financing strategy and complementing each other in the infrastructure and services provided. Red Salud s objective is to meet the health needs of a wide range of the population, based on three foundations: To provide national coverage, with significant regional presence. To provide solutions to all levels of complexity, through the Network concept. To be an alternative to private health coverage for all socioeconomic segments. Red Salud, as one of the leading private healthcare operators in the country, provides services for all kinds of intricacies in both outpatient and hospital area, through 33 medical centers and 17 clinics, which are organized follows: 32 outpatient centers throughout Chile and Clíncia Arauco Salud in eastern Santiago, through its subsidiary Megasalud. 3 subsidiary hospitals in the Metropolitan Region: Clínica Tabancura, Bicentenario and Avansalud. 1 subsidiary hospital in the Region of Tarapaca: Clínica Iquique. 1 directly associated hospital in the Valparaíso Region: Hospital Clínico de Viña del Mar. 11 clinics and 1 outpatient medical center in regions, through Administradora de Clínicas Regionales Dos 4 in conjunction with Mutual CChC and ACHS: Clínica La Portada in Antofagasta, Hospital and Medical Center Atacama in Copiapó, Clínica Elqui in La Serena, Clínica Valparaíso, Integral Health Clinic in Rancagua, Clínica Lircay in Talca, Clínica Chillán, Hospital Clínico del Sur in Concepcion, Hospital Clinico Universidad Mayor in Temuco, Clínica Puerto Montt and Clínica Magallanes in Punta Arenas. Red Oncosalud is incorporated in 2011, with the aim of providing a comprehensive, in-network solution to people with oncological health problems. It also participates in the business of electronic transactions related to the health area through its investment in I-Med and Autentia through ATESA, which provide technology services to a large number of clinics, hospitals, medical centers and insurance companies of the country. OUTPATIENT CARE CENTERS MEGASALUD Megasalud is one of the most important medical and dental companies providing outpatient services in the country. It currently has 32 centers (12 of which are in the metropolitan area), making it the main national dental health provider. It also has an outpatient, noninvasive surgery clinic located in the eastern section called Arauco Health. Its main business areas focus on outpatient services relating to medical appointments, medical procedures, dental services, imaging tests, laboratory tests and kinesiology services. Megasalud has agreements with all the pension fund administrators to deliver explicit service guarantees in its outpatient setting. To comply efficiently and effectively with requirements for determining tests of medical centers, Megasalud has its own clinical laboratories with state-ofthe-art technology, present in different regions throughout Chile. ANNUAL REPORT ILC 2013 4. Regional Hospital Administrator

56 / 57

ANNUAL REPORT ILC 2013

Investments in 2013 amounted to $ 2,024 million and consisted primarily of the purchase of medical equipment, dental equipment, computer equipment and furniture, and also enabling and improving the infrastructure of medical dental centers in Santiago and regions. These investments represent an imperative to maintain the infrastructure, meet the accreditation process requirements and at the same time, provide greater security to customers. Resources were allocated to enable and improve medical and dental centers in Chillán, Concepción, Conchalí, Puente Alto, Alameda, Providencia and Kennedy. Moreover, through agreements made with Caja de Compensación de Los Andes 5, mini-centers were made available in said institution s premises in the cities of Concepción, Valdivia, Osorno, Puerto Montt and Santiago. By the end of 2013, Megasalud had more than 2,500 professionals, including doctors, dentists, leading specialists and 1,652 contract employees. During the same year, Megasalud achieved revenue of $ 84,320 million and a profit of $5,658 million and carried about 7.7 million health services, of which 6 million were medical and about 1.7 million, were dental. REDSALUD CLINICS OF THE METROPOLITAN REGION Red Salud has a wide network of hospitals throughout the country, highlighting the following clinics in the metropolitan area: Tabancura, Avansalud and Bicentenario. These three hospitals have a total of 466 beds. CLÍNICA TABANCURA Clínica Tabancura provides high complexity hospital services with resolving capacity in a wide number of specialties covering a wide array of care and degrees of complexity, becoming a reference center for various specialties in eastern Santiago. Among the specialties are: gynecology and obstetrics, plastic surgery, orthopedic and gastrointestinal surgeries with therapeutic treatments for adult, pediatric and neonatal patients, in addition to the bariatric surgery, heart, ophthalmology and neurosurgery specialties. The clinic has a total of 128 beds and 875 employees, and a total of 1,219 physicians among staff, residents and external accredited professionals. Currently, Clínica Tabancura is expanding its facilities to reach at the end of 2014, 210 beds and 60,000 square meters. Clínica Tabancura s revenue showed an increase of 11.6 % to $ 31,949 million and its net income was $1.953 million, 16.1% higher than the one reported in 2012. CLÍNICA AVANSALUD Avansalud hospital specializes in advanced diagnostics and minimally invasive surgery. It has a medical and diagnostic center with a wide range of medical and surgical specialties. It has 103 beds and a medical facility with 63 consultation offices and a total of 349 physicians among staff, residents and external accredited professionals. Its target audience belongs to the socioeconomic strata C2 and C3, with extensive agreements with private Health Plan Providers and Fonasa. In mid-2013, facilities of the Critical Patient Unit were extended, enabling additional 4 beds, therefore totalling 12 beds for intermediate or intensive treatment. Counting from January 2013, 3 observation beds were enabled in the Emergency Service, for the care of complex patients undergoing diagnostic accuracy. During 2013, sales reached a total of $ 31.565 million and profit was of $1,328 million, 11% higher than in 2012. 58 / 59 N OF PROCEDURES 649,716 N OF BEDS 1,293 5 Los Andes Compensation Fund N OF DENTAL CUBICLES 340 N OF DENTAL SERVICES 1,766,532 N MEDICAL CONSULTATIONS 3,283,181

CLÍNICA BICENTENARIO This clinic began operating in 2011. Its objective is to complement Red Salud s existing network infrastructure in the Metropolitan Region with a modern hospital complex for highly complex hospital care. Clínica Bicentenario s proposal is to offer middle class socio- economic sectors an alternative means to find economicallyaccessible, first-class health services. With an investment of U.S. $100 million, Bicentennial Clinic is designed and equipped with 235 beds corresponding to the first stage. In its 64,240 m 2 it includes 48 critical beds (ITU, ICU, Neonatal and Coronary ), 12 operating rooms and five obstetric-gynecological rooms, 38 medical consultation cubicles covering almost all specialties and 22 diagnostic procedure rooms, among others. Finally, among its first class facilities, is the Emergency Service that operates 24 hours a day, with care for adults, children and pregnant women. It can be accessed both by private patients as beneficiaries of all Health Plan Providers, Fonasa, Dipreca, and the Armed Forces. For the period from 2013 to 2014, the clinic s capacity will be extended to 30 beds, with an emphasis on critical beds. Towards the end of 2013, Clínica Bicentenario s activity increased by 11.9% (expenses, surgery, childbirth and caesarean section) compared to 2012 and totaled 18,122 hospital discharges patients in the year. In the outpatient area, medical care visits reached 165,923. Operating revenues in 2013 totaled $ 36.204 million and a negative end result of $ 2,575 million. ONCOSALUD NETWORK Oncored was incorporated in November 2011 with the aim of providing a comprehensive oncological solution within the network of subsidiary clinics and associated companies of Empresas Red Salud S.A. The network Oncosalud has a model that ensures care at every stage of the disease: diagnosis, treatment and follow-up; within a clinical-medical field, which relies on the infrastructure and resolving capacity of the clinics in the network. During 2013, 1,337 patients received care nationwide, 81.4 % higher than in 2012. From the former, 94.6 % were Isapre Consalud patients, 3.1% were Fonasa patients, 1,9% belonged to Isapre Fundación; the rest were from Alliance Insurance Company ( Bolivia ) 0.2%, and 0.2% were private. During 2013, Red Oncosalud managed 330 patients receiving different surgeries, 267 patients receiving chemotherapy treatment, 76 receiving radiotherapy and 35 receiving hormone therapy. All care performed in clinics is part of the network and is under the management and monitoring of Network Oncosalud s model. HOSPITALS IN REGIONS Red Salud participates in regions through a subsidiary and 3 associates. Clínica Iquique, a subsidiary of Red Salud is a medium to high complexity clinic that provides hospital and emergency medical services in the Region of Tarapaca. It has a total of 68 inpatient beds, 6 wards and 10 cubicles for emergency visits. Clínica Iquique earned a profit of $ 440 million during 2013. Hospital Clínico de Viña del Mar, directly associated to Red Salud, is a clinic that has a medical center with 15 cubicles of care and diagnostic support units which are: imaging, cytopathology laboratory, clinical laboratory, hemodynamics, unit endoscopy and oncology. In terms of logistical support it has a sterilization center, an ambulance and a pharmacy. In the surgical field it has cardiovascular medicine, laparoscopic, orthopedic, gynecology and obstetrics surgery. Red Clínicas Regionales (Regional Clinics Network), in partnership with Mutual CChC and ACHS is an institutional project that provides private healthcare efficiently and effectively, to different regions of the country, serving segments of the population that previously had no access to facilities and private services. It currently has 11 hospitals and outpatient medical centers, distributed in 10 regions: II Region of Antofagasta, III region of Copiapó, IV Region of Coquimbo, V Region of Valparaiso, VI Region of O Higgins, VII Region of Maule; VIII Region of Bío-Bío, IX Region of Araucanía, X Region of Los Lagos, and XII Region of Magallanes. ADMINISTRADORA DE TRANSACCIONES ELECTRÓNICAS Administradora de Transacciones Electrónicas S.A. ( hereinafter ATESA ) is a direct partner to Red Salud aimed at providing remote payment related to health services, use of the fingerprint device to clinics, hospitals and insurance services in the country. ATESA operates through its brands I- Med and Autentia Atesa s income during the year 2013 was $2,402 million, representing an increase of 16.1 % over the previous year. BUSINESS MANAGEMENT 2013 Management of 2013 has been highly influenced by the gradual maturity of the investments made in recent years, whose economic expression is found in the sales for the year that reached, at a consolidated level, $192,426 million, compared to $163,811 million for the year 2012 to $134,477 and million in 2011. Regarding its utility in 2013, it reached $4,216 million, which represents an improvement of 60.6% from $2,625 million in 2012. ANNUAL REPORT ILC 2013

60 / 61

WE HAVE BEEN WITH YOU FROM THE VERY BEGINNING. MEMORIA ANUAL ILC 2013

62 / 63 OTHER SECTORS RIGHT BESIDE YOU TO PROVIDE A BETTER EDUCATION.

ASSETS (MILLIONS) EQUITY (MILLIONS) TOTAL INCOME (MILLIONS) N OF STUDENTS $4,808 $1,196 $1,351 1,100 WE SEEK TO PROVIDE TOOLS AND VALUES OF INTEGRITY, ACCOUNTABILITY AND HONESTY TO OUR STUDENTS, SO THEY CAN DEVELOP THEIR MAXIMUM POTENTIAL. NAHUELCURA MACHALÍ SCHOOL Nahuelcura School starts in March 2011 as the first private subsidized school of the school network of company Desarrollos Educacionales S.A. Although subsidized, it keeps the quality standards in education and infrastructure that characterize the existing private schools, Pumahue and Manquecura. Following the sale of Desarrollos Educacionales S.A. to Cognita Chile Ltda., Nahuelcura still belongs 100% to the Company. The year 2013 was a remarkable year academically for Nahuelcura School. First of all, 2nd grade won first place in the district in 2012 SIMCE Test and 8th grade won first place in the region, making it to the list of the top 100 schools nationwide. Also, one of its students scored the highest regional score in 2013 PSU of Language and Communications and the best PSU average in Region VI. Finally, it is worth noting that two students Nahuelcura School got second and third place in the Regional Science Fair in which 65 projects were presented. EVOLUTION OF NUMBER OF STUDENTS 1,200 1,100 1,000 966 800 600 400 611 200 0 2011 2012 2013 N OF TEACHERS 52 N OF TOTAL EMPLOYEES 70 M 2 BUILT 6,213 ANNUAL REPORT ILC 2013

64 / 65

ASSETS (MILLIONS) NET INCOME (MILLIONS) EQUITY (MILLIONS) TOTAL INCOME (MILLIONS) $2,967 $516 $2,192 $3,605 iconstruye was born 2001 as ILC s information technology company (hereinafter IT ). Its aim is to provide technology outsourcing services and electronic solutions to its clients that allow them to obtain operational savings and management improvements. Inversiones La Construcción currently holds 32.96% ownership of iconstruye, while the managing partners CChC and just over 50 associates are owners of the rest. iconstruye has stood out for its B2B e-business portal for the construction industry in Chile and Colombia, which aims to provide greater efficiency and transparency in company procurement processes and sales. The same formula was repeated in B2B Electronic governments for large corporations in Chile, Colombia, Panama and Argentina. Worthy of note is the development, implementation and operation for more than 4 years of Chilecompra, a case of international success. The success of its venture was awarded the Best E-Business Award in Latin America, given in the First World Summit on Information Society held in Geneva in 2003 and was recently awarded in País Digital and the Chamber of Commerce of Santiago in its contest Innovation made in Chile 2010. With 11 years of experience iconstruye has to date over 1,000 clients spanning multiple industries. 2013 BUSINESS MANAGEMENT In fiscal 2013, revenue from iconstruye was $ 3.605 million, representing an increase of 7% compared to 2012 and a profit of $ 516 million; 20% lower than the previous year. NUMBER OF CLIENTS TOTAL WORKERS CHILE TOTAL WORKERS IN PERU TOTAL WORKERS IN COLOMBIA 1,050 120 3 15 ANNUAL REPORT ILC 2013

66 / 67

LIQUID INVESTMENTS AND PROPERTY ASSETS LIQUID ASSETS The Company has its own financial investments (in addition to those of its subsidaries) designed to meet its liquidity needs, which it administers under a policy approved by its Board. As of 31 December 2013, these investments amounted to approximately $ 57,978 millions. REAL ESTATE ASSETS Individually, the Company keeps 22,500 m 2 in property assets, valued at approximately $ 15,650 MM. Its properties include buildings and lands, for the leasing business. Property, Plant and Equipment (MM) $552 Investment Property (MM) $15,098 PROPERTIES The main properties that the company owns are the following: - CChC Building, located in Marchant Pereira street N 10, Providencia commune, floors 13 to 20, plus warehouses and parking lots, allocating one floor to the facilities of the Parent Company and the remaining seven to office leasing. Inscribed in the CBR of Santiago as fs.36414 N 35217 year 2005, as fs.62346 N 60060 year 2001, as fs.29281 N 47598 year 2006 and as fs.852 N 1375 year 2006. - Security Mutual Building CChC, located at Avenida Libertador Bernardo O Higgins 194, Santiago commune, floors 3 to 7, plus warehouses and parking lots, intended to lease offices. Registered in the CBR of Santiago No. 9877 as fs.7837, year 2001. - Edificio Avenida Italia, located in Avenida Italia 1056, Providencia commune, intended for leasing to a Clinical Laboratory. Registered in the CBR of Santiago as fs. 6636 N 6750 of year 1997 and as fs.19642 N 21548 of year 1997. - Land, vacant lot, located on the corner of Avenida Libertador General Bernardo O Higgins with General Velasquez Street, intended for occasional lease. Registered in the CBR of Santiago as fs.72079 N 69521, the year 2005. - Land, vacant lots, located in Avenida Tabancura, intended for lease. Registered in the CBR of Santiago as fs.56338 and fs.56339 N 87783 and N 87784, the year 2008. All property assets of ILC are its own. Through its subsidiaries the Company indirectly owns the following properties: - Isapre Consalud Building, located at Av. Pedro Fontova 222, Huechuraba, for use of the head office of the Health Insurance Institution. - CChC Building, located at Marchant Pereira 10, Providencia, floors 5 to 12, intended for use of AFP Habitat s headquarters. - Clínica Bicentenario s building, located at Av. Libertador Bernardo O Higgins 3545, for the operation of the clinic. - Clínica Avansalud s building, located at Av. Salvador 100, for the operation of the clinic. - Clínica Tabancura s building, located at Av. Tabancura 1185, for the operation of the clinic. - Megasalud Medical Centers in major cities. - Barros Errazuriz Building owned by AFP Habitat S.A., intended for leasing. - Los Carrera 330 buildings, La Serena, owned by AFP Habitat S.A., for the operation of the branch. - Estate in Morandé 330, Santiago, and Eusebio Lillo 20, Coyhaique, owned by AFP Habitat S.A., for the operation of branches. - Property Investment Assets of Life Insurance Companies CorpVida S.A. and CorpSeguros S.A. The Clínica Bicentenario and Clínica Avansalud s buildings have a financial lease, the remaining property assets are its own. EQUIPMENT AND FACILITIES At year end 2013 the Company has equipment, furniture and fixtures at the consolidated level valued at $9.331 million corresponding to furniture and computer equipment used in its administrative tasks. Additionally, it owns the following assets through its subsidiaries: - Medical equipment for the amount of $19,296 million - Computer equipment for the amount of $ 2,559 million - Other plant and equipment for the amount of $ 9.527 million ANNUAL REPORT ILC 2013

68 / 69

10 CORPORATE AFFAIRS RISK RATINGS: The risk classification company Humphreys keeps the company s credit rating at AA + with a Stable trend, highlighting the comfortable market value of investments regarding financial obligations, high liquidity to meet contingencies, the conservative debt policy and viability themselves of the firms it controls. The risk classification company Feller Rate raised ILC s credit rating to AA+ and assigned First Class Level 2 to its shares, with a Stable outlook. This classification was based on the strength and consistency which from the start has characterized its conservative financial policy, financial flexibility and cash generation product of the nature of its subsidiaries. It s worth noting that Feller rate ratified its classification, when the acquisition of 67% stake in Corp Group Vida Chile S.A. was announced, indicating that ILC was heralded as one of the leading players of the chilean social security segment. It also highlights the complementary business lines and the strong branding of Life Insurance Companies CorpVida and CorpSeguros, allowing a proper development of the businesses. INVESTMENT POLICY The Company has its own financial investments, in addition to those of its subsidiaries and has an investment policy approved by its Board, which places investment in domestic debt instruments with a rating equal to or greater than A+, except for investments made prior to the issuance of the policy that represent less than 12% of ILC s investment portfolio. FUNDING POLICY The Company doesn t have a debt policy directly agreed by the Board. It has carried out a conservative financial stance with limited debt. DIVIDEND POLICY According to Article 24 of the Company bylaws, the Ordinary Shareholders must agree on the distribution of profits each year resulting from the approved annual balance. The General Meeting of Shareholders of ILC, held on April 29, 2013, agreed by all the members present, to approve the proposal submitted by the Board of Directors through its President. The proposal is to allocate between 60% and 80 % of the Distributable Income, meaning ANNUAL REPORT ILC 2013

70 / 71

the amount resulting from subtracting the legal reserve variance ( Encaje ) of the subsidarie AFP Habitat from the Net Profit of the fiscal year weighted by the percentage of interest held by ILC. For these purposes, a positive cash reserve variance will mean an increase in its value, by way of net investment in cash reserve quotas (purchases minus sales) and a higher value of the cash reserve quotas. If any of these values is negative, said value will not be considered for the calculation. The conditions, timing and terms of payment will be established in the Corporations Act and its Regulations. REMUNERATION BOARD REMUNERATION At December 31, 2013 and 2012, remuneration paid to members of ILC s Board amounted to Th$ 70,812 and Th$ 89,878, respectively. On the other hand, a share in profits amounting to M$ 181,629 and Th$ 182,337 was provided at December 31, 2013 and 2012 respectively. Additionally, Mr. Alberto Etchegaray Aubry received a remuneration as President of Red Salud S.A. for Th$ 23,347 and Th$ 20,355 for years 2013 and 2012, respectively. Mr. Sergio Torretti Costa received a remuneration of Th$ 5,600 in 2012 as director of Desarrollos Educacionales S.A. Mr. Lorenzo Constans Gorri received a remuneration of $ 8,751,108 for being part of the boards of Red Salud S.A. and Clínica Bicentenario. Finally Mr. Pablo González Figari, CEO of ILC, as director of the life insurance company Vida Cámara S.A. received a remuneration of Th$ 5,681 and Th$ 6,357 in DIVIDENDS PAID IN THE LAST THREE FISCAL YEARS MONTH OF PAYMENT NUMBER OF DIVIDENDS VALUE PER SHARE PARTICIPATING SHARES TOTAL DISTRIBUTED DIVIDEND TYPE YEAR OF PROFITS May 2010 83 348.40 21,399,737 7,455,622,361 Final 2009 October 2010 84 260.00 21,399,737 5,563,931,620 Interim 2010 December 2010 85 5,077.00 37,031,553 188,009,194,581 Additional Final Retained Earnings December 2010 86 1,965.00 37,031,553 72,767,001,645 Interim 2010 May 2011 87 187.50 37,031,553 6,943,416,188 Final 2010 June 2011 88 270.04 37,031,553 10,000,000,017 Additional Final Retained Earnings September 2011 89 270.00 37,031,553 9,998,519,310 Additional Final Retained Earnings November 2011 90 131.00 37,031,553 4,851,133,443 Interim 2011 November 2011 91 351.00 37,031,553 12,998,075,103 Additional Final Retained Earnings May 2012 92 316.00 37,031,553 11,701,970,748 Final 2011 June 2012 93 1,660.00 37,031,553 61,472,377,980 Additional Final Retained Earnings October 2012 94 180.00 99,981,743 17,996,713,740 Interim 2012 January 2013 95 80.00 100,000,000 8,000,000,000 Interim 2012 May 2013 96 288.00 100,000,000 28,800,000,000 Final 2012 October 2013 97 150.00 100,000,000 15,000,000,000 Interim 2013 January 2014 98 60.00 100,000,000 6,000,000,000 Interim 2013 DIRECTOR REMUNE- RATION ILC BOARD REMUNE- RATION OF DIRECTORS COMMITTEE 2013 2012 REMUNE- RATION AND PARTICIPATION OF BOARD OF SUBSIDIARIES PROFIT SHARING REMUNE- RATION ILC BOARD REPRESENTATION EXPENSES REMUNE- RATION AND PARTICIPATION OF BOARD OF SUBSIDIARIES PROFIT SHARING M$ M$ M$ M$ M$ M$ M$ M$ Daniel Hurtado Parot 11,037 34,596 4,545 Gastón Escala Aguirre 8,278 25,947 9,033 31,553 Lorenzo Constans Gorri 5,519 8,751 17,298 5,197 7,888 Italo Ozzano Cabezon 5,519 17,298 5,428 Alberto Etchegaray Aubry 5,062 23,347 17,298 4,524 20,355 Paulo Bezanilla Saavedra 5,060 4,792 17,298 4,076 Francisco Vial Bezanilla 5,519 17,298 5,428 Sergio Torretti Costa 5,519 4,197 17,298 4,977 5,600 Juan Benavides Feliu 4,148 4,792 0 José Miguel García Echevarri 1,370 17,298 4,527 Edgar Bogolasky Sack 2,703 TOTAL 57,031 13,781 32,098 181,629 50,437 39,441 25,955 - ANNUAL REPORT ILC 2013

72 / 73

the years 2013 and 2012 respectively, and in his capacity as Director of Red Salud S.A. he received Th$ 4,200 in 2013. In addition, the Board contracted consulting services to company Transsa S.A. for $2,112,000, aimed at getting appraisal for the acquisition project of offices located in Apoquindo Avenue. REMUNERATION TO TOP MANAGERS AND MAIN EXECUTIVES OF THE GROUP At December 31st, 2013 and 2012, remuneration paid to managerial and executive employees amount to Th$ 1,709,900 and Th$ 1,697,302, respectively. There are no long-term benefits or post-employment benefits for the group s key personnel. The compensation policy for executives of the company is based on performance, as well as measurable objective parameters, ranging according to the responsibilities of each position. This compensation is measured and received once a year. DIRECTORS COMMITTEE Annual Report of 2013 Activities of the Directors Committee The nine members of the current board were elected at the Annual General Meeting of Shareholders held on April 29, 2013, which will serve for one year in office. At this meeting, Mr. Juan Benavides Feliú was elected as a director, with the status of independent director for purposes of art. 50 bis of Law 18,046. At the Board Meeting held on April 29, 2013, pursuant to the provisions of Article 50a of the Companies Act, Mr. Juan Benavides, sole director in his own right to form the Board of Directors, appointed the other two members of the Company s Board of Directors, Messrs. Directors Paulo Bezanilla and Sergio Torretti, thereby forming the Committee of Directors of ILC S.A. The main functions of the Board of Directors, in addition to other matters assigned by the Shareholders Meeting or the Board are: a. To examine the reports of external auditors, the balance and other reports filed by the administrators of the company to shareholders, and rule on them, prior to submission to the shareholders for approval. To suggest external auditors and private rating agencies to the respective Shareholders. b. To examine information regarding the operations referred to in Title XVI, and issue a report on them. A copy of the report will be sent to the Board, where it shall be read at the meetings appointed for the approval or rejection of the respective operation. c. To evaluate the remuneration systems for managers and senior executives of the company. d. To prepare an annual management report, including key recommendations to shareholders. The Board of Directors met eight times during 2013 since its inception in 2013. During fiscal 2013, committee expenses were of M $2,112, due to the appraisal of the office acquisition project in the new building to be built on the property located in the corner of Apoquindo Avenue with Las Condes Street. Key recommendations to Shareholders: In addition to compliance with the provisions of Article 50 bis of Law 18,046, it is suggested to strengthen the development and monitoring of policies on corporate governance and internal control of significant risks defined for the company, so as to advance in the continuous improvement process undertaken by this committee. The main activities of the Annual Activity Report of the Board of Directors in 2013 were: At its first meeting, on April 30, 2013, the following topics: 1. Functions of the committee: The tasks and powers of the committee were reviewed, according to the law and to the company s needs. 2. Risk Map: The need for making a risk map of the company was raised, including risks that may be threatening to subsidiaries; the Risk Map is a tool to define, monitor and mitigate the main risks. Based on the defined criteria, management was commissioned the development of this tool, which was also monitored in future committees in construction and monitoring. 3. Purchase agreement of certain floors of the building to be built in Apoquindo Avenue on the corner with Las Condes Street: the operation was analyzed according to the terms of Article 146 of the Companies Act, and although it was verified that in purchase agreement there was no company involved with ILC, in order to ensure that the operation be completed at market price, terms and condition, despite references available to the committee, an appraisal of the property to be bought was entrusted to TRANSSA, a company specializing in the field. In a session held on May 23, 2013, the following topics were covered: 1. The financial statements of the company at 31 March 2013 were analyzed and approved and presented to the Chairman of the Board by the Chairman of the Committee. 2. Progress on risk selection was made and other aspects of the Risk Map. 3. Real estate purchase agreement of the building to be built in Apoquindo Avenue on the corner of Las Condes Street. The negotiations of the operational terms and prices of the property to be acquired were reviewed and approved, including approximately the following: 17,525 meters of usable area of offices to rent, located on floors 4 to 22 inclusive, 557 parking spaces and 1,318 m 2 of warehouses, confirming that according to the appraisal report requested to Transsa, the terms discussed thoroughly with vendors meet market standards, conditions and prices. ANNUAL REPORT ILC 2013

In the meeting held on June 20, 2013, the following topics were discussed: 1. 2013 External Audit Plan for ILC: the plan was approved, stressing certain aspects and requesting additional control mechanisms, while demanding stricter deadlines for year end, in coordination with the subsidiaries. 2. The Risk Map definition of risks kept developing, and the implementation of additional control and monitoring systems was requested for continuous monitoring of the risks defined. 3. Accounting results of the balance of Isapre Consalud S.A. According to the table defined, the most important accounts of the assets and liabilities of the Health Insurance Institution were analyzed and approved in detail, while re reviewing the accounting policies and figures related to the investment in software. 4. Desarrollos Educacionales: The transaction were 51% of the subsidiary Desarrollos Educacionales was sold - excluding Sociedad Educacional Machalí - to the company Cognita, was analyzed. The shares transferred to Cognita, representing 0.6% of ILC s assets, generated a gain of approximately $ 200 million. Additionally, ILC stopped consolidating its financial statements with Desarrollos Educacionales S.A., bringing its liabilities down by approximately MM$ 39,000. A summary of the accounting transactions that generate the operation was requested for the next meeting. At the meeting of July 25, 2013, the following topics were discussed: 1. The Risk Map developments were reviewed, related to surveying analysis of the monitoring and control systems implemented in each branch for the defined risks, and based on the results, some standardizations were applied, perfecting the set of information that will be requested in the future in order to improve monitoring and control of defined risks. 2. Review of Annual Compliance Certificates of the Audit Committees of Subsidiaries. As part of the tasks set for the performance of the Audit Committees of the Subsidiaries, there is a report called Certificate of Annual Compliance of the Audit Committee, which contains 12 items covering various subjects related to audit and control of each subsidiary that must be reported annually by the President of each institution to the President of ILC. After reviewing a summary of the information provided and its details in relevant cases, the information was approved by the Directors, who agreed to incorporate some future improvements to the requested information and include additional issues related to Law 20,393 and Risk Maps of each entity. Additionally, they asked for future information to be requested and processed at the end of March of the following calendar year. 3. Account of the operation s acquisition movements of Sociedad Educacional Machalí S.A. and the sale of 51% of the subsidiary Desarrollos Educacionales S.A. The directors discussed and subsequently approved the accounting transactions and share turnover of the various companies that took place in order to improve the sale of 51% of Desarrollos Educacionales. 4. The purchase and sale commitment signed between Inmobiliaria Apoquindo Las Condes and Inmobiliaria ILC SpA, owned 100% by ILC S.A. was analyzed and signed on July 10, 201. This agreement states a promise to buy real estate in plants with open floor space to be leased as offices with their corresponding parking spaces and warehouses; the final purchase and sale commitment will include total payments of Th.UF 1,433 before VAT to the promise date, according to a set timetable; 20% was anticipated, which was 100% guaranteed with bank guarantees. At the sitting of August 22, 2013, the following topics were discussed: 1. The President invited the external auditors Ernst & Young, to report on progress of the external audit and the review of the interim financial information of ILC at June 30, 2013. After its detailed presentation, the representative of Ernst & Young discussed certain matters of interest with the Committee Directors and concluded that based on their review, they were not aware of any material modifications that should be made to the consolidated financial statements of ILC at June 30, 2013. Additionally, the audit s progress by subject was reviewed and planning of deadlines for the stages was agreed. 2. Consolidated Financial Statements of the Company at June 2013 and December 2012 and for the six and three month periods ended in June 2013 and 2012 were analyzed in detail, then a report that breaks down the asset accounts and liabilities of each subsidiary was analyzed, the consolidated income statements were analyzed and disaggregated by each subsidiary, ending with the rationale of the financial statements. After commenting on the major issues, it was unanimously agreed to recommend approval of these financial statement to the Company board. At the meeting of October 24, 2013, the following issues were mainly discussed: 1. The Risk Map: progress made in removing the assessed risks was analyzed, mitigation measure were assessed for each risk, and the final situation. In addition, details were defined to refine methodologies and tracking measurements, in order to create effective early warning systems. 2. Detailed analysis of ILC contracts with related parties: a list displaying ILC s contracts with related companies was analyzed, detailing the type of contract and its materiality. Then, it was stated that they have been authorized by the Board and meet all the requirements set out in Article 147 of Law 18,046. Office leasing and other services that meet the habitual 74 / 75

ANNUAL REPORT ILC 2013

policy of ILC S.A. were also discussed, regarding operations with related parties that adjust in price, terms and conditions to those prevailing in the market at the time of approval. Moreover, it was noted that they have very low materiality for ILC. In the meeting held on November 22, 2013, the following issues were mainly discussed: 1. Consolidated Financial Statements of ILC were analyzed to September 30, 2013 and December 31, 2012 and the Statement of Income accumulated at 2013, which was compared to September 2012. Then a breakdown of the major accounts of assets and liabilities of each subsidiary to September 2013 and December 2012 was analyzed. Finally, income accounts were analyzed, disaggregated by subsidiary. Finally, the Directors unanimously agreed to recommend the approval of said financial statements to the company Board.ç 2. Accounting for purchase of Corpgroup Vida Chile in ILC, after commenting that the Superintendence of Securities and Insurance had been consulted, and had not given a response yet, because insurance companies are not in FIRS; possible scenarios of the most likely criteria were analyzed, appreciating differences for ILC. After commenting the information received, directors will be awaiting the decision of the Superintendence. 3 - Remuneration: The Directors reviewed the remuneration of the seventy top executives linked to the different operational realities of ILC, its annual cost was compared with the year 2010 and with the relevant market based on the approval of charges, using market studies. The above analysis did not show any abnormal situations or outside acceptable ranges, prompting the committee to approve the remuneration and their corresponding criteria. At the sitting of December 16th 2013, the following item was discussed: The President invited the external auditors to discuss the Letter from the Administration while following up the development of ILC s individual internal audit based on plan 2013. They commented that the audit plan for year 2013 was being complied smoothly and within the agreed deadlines. Regarding Internal Control Assessment, aimed at verifying authorization, accuracy and completeness in recording transactions by evaluating relevant accounting, operational and regulatory risk for ILC s significant processes, the resulting observations were classified as Other matters, and recommendations given were considered preventive in nature or as improvement opportunities, not as administrative weaknesses or deficiencies. Finally, after discussing the observations, the Directors agreed with the statements and asked the administration to follow up the proposals outlined in the administration s comments. COMMENTS AND STATEMENTS OF SHAREHOLDERS There were no comments or propositions in the Shareholders Session. REGULATORY FRAMEWORK Regulations, standards and stable criteria allow properly assessing projects and reducing the investment risk, thereby adequately monitoring the development of these regulations is an important task. Most of the business activities carried out by ILC are regulated by the Superintendence of Securities and Insurance, Pension and Health, which through its own rules seeks to ensure transparency and timely control of their regulated entities in several aspects, highlighting the risk management of various kinds. EXTERNAL AUDITORS AND RATING AGENCIES Inversiones La Construcción maintains a contract with the external audit firm Ernst & Young for them to examine accounting, inventory, balance sheet and other financial statements of the Company for the financial year 2013 and to express their professional and independent opinion regarding this matter. Contracts are also kept with the following risk rating agencies: Feller-Rate Clasificadores de Riesgo Limitada and Humphreys Clasificadores de Riesgo. From May 2013, Inversiones La Construcción has a risk rating of AA + according to both classifiers. ANALYSIS OF RISK FACTORS The Company is a parent that carries out activities in the pension, health and other sectors in a decentralized manner. Business decisions for each of these activities are analyzed and carried out by Senior Management and the Board of each of the respective subsidiary considering their own risks and mitigation measures. ILC and its subsidiaries operate by the values of transparency and honesty imparted by its controlling shareholder, the Chilean Chamber of Construction A.G., which for over sixty years has been a major player in many business areas and trade union activities in the country. The main risks to which businesses are exposed are regulatory, market, technical and operational risk, insurance, credit and liquidity. A. REGULATORY RISK The regulations, standards and stable criteria allow properly assessing projects and reducing the investment risk, for which an adequate follow up of the development of regulations is relevant. Most of the business activities carried out by ILC are regulated by the Superintendence of Securities and Insurance, Pension and Health, which through its own rules seek to ensure transparency and timely control of their 76 / 77

regulated entities in various aspects, highlighting the administration of risks of various kinds. BUSINESS RISK MANAGEMENT OF PENSION FUNDS The 2008 pension reform consolidated the existing pension system, reaching an agreement from all sectors of the parliament. This reform involved some changes in the industry business such as implementing a bidding process for the survivor s and disability insurance and for new affiliates. Aside from these changes, income of independent workers in the pension system will remain in force until 2015. BUSINESS RISK OF HEALTH PLAN PROVIDERS On December 21, 2011, a Bill amending the Private Health System entered the Parliament including, among others, a guaranteed plan (PGS) whose price would be the same for all recipients of Health Plan Providers. This project has resulted in intense discussions because it involves major changes to the system. Its application would determine that all current beneficiaries of the Health Plan Providers shall, upon entering into force of this law, change their current health plan for another one, structured from an extra coverage of PGS, eventually a supplementary plan, thus modifying elements such as pricing, access, captive nature and risk management, among others. As is common knowledge, the increase of GES pathologies involved the price rise of health plans, which has resulted in 29,676 protection resources filed against Consalud to December 31, 2013. This adds to the protection resources Health Insurance Institutions have received due to the price increase of its base plans, totaling 9,000 as of December 31. While Consalud has been and is exposed to regulatory changes, its adaptability and expertise in the industry for almost thirty years has allowed it to strongly face future changes and challenges imposed by the regulations. B. OPERATIONAL RISK Operational risk is the risk of direct or indirect loss arising from process-related causes, personnel, technology and infrastructure of the Group, derived from all operations. ILC and Subsidiaries have policies and internal control procedures that minimize the operational risks related to resource management. COMMITTEE OF DIRECTORS El Comité de Directores tiene las funciones de The Audit Committee has the functions according to Law 18,046; it consists of three Directors of ILC, and is chaired by the Independent Director; the General Manager and Comptroller Manager also attend the meetings. This committee meets and reports its work to the Board regularly. C. MARKET RISK INVESTMENT COMMITTEE ILC s Investment Committee is composed of two directors and some Company executives and its role is focused on monitoring the correct implementation of the provisions of ILC s investment policy and to ensure appropriate flexibility in making investment decisions. This committee meets and reports regularly to the Board regarding key decisions and agreements made. INTEREST RATE RISK The interest rate risk is expressed as the sensitivity of the values of financial assets and liabilities to market interest rate fluctuations. The financial obligations of ILC and its Subsidiaries relate to loans from financial institutions, leasing and obligations (bonds). At December 31, 2013, 80% of these obligations were structured to fixed interest rates. Exposure of these liabilities is primarily variance in the UF which is mitigated by the fact that most of ILC s income behaves similarly to this unit of adjustment. RISK OF RETURN ON FINANCIAL INVESTMENTS This risk relates to price changes in instruments in which ILC invests, which are primarily exposed to volatility risks in local and international financial markets, to the variation in exchange and interest rates. Regarding this risk, the diversification plan of the investment policy mitigates some of the effects of violent changes in market conditions. The parent has an investment policy approved by the board which sets the investment in local fixed income instruments with greater or equal A + rating, taking into account considerations of high liquidity and good credit risk. In Subsidiary Compañía de Seguros de Vida Cámara S.A., the investment portfolio is based on the policy imposed by the Board and primarily sets investments in financial instruments with similar terms to those of its liabilities denominated in UF, with risk ratings equal to or greater than A+. In addition, the investment policy provides that the Company will invest at least 35% of the portfolio in instruments issued by the Central Bank of Chile or General Treasury of the Republic. In subsidiaries of the insurance company Corpvida S.A. and CorpSeguros S.A., the investment portfolio is based on an investment policy that aims at optimizing the risk return of the portfolio, always keeping a level of known risk, limited to the risk appetite defined by the Board, so that shareholders receive adequate remuneration for the capital invested and members are assured that the Company will meet its commitments. Additionally most of these companies are investments at amortized cost, which substantially reduces its market risk. RISK OF RETURN OF CASH RESERVE The investments of the pension funds are primarily exposed to volatility risks in local and international financial markets, the variation in exchange and interest rates. These risks directly affect the profitability of the pension funds and therefore the profitability of the cash reserve, which is reflected directly in the income statement of the Administrator. RETURN RISK OF BANK ADJUSTMENT Excluding the effect of exchange rate on financial investments and bank adjustments, ILC and its Subsidiaries have had no material impact as a result of variation in the exchange rate. D. TECHNICAL RISK OF INSURANCES In the business of Health Plan Providers, the main risk factor in relation to accidents is the correct pricing of marketed health plans and ANNUAL REPORT ILC 2013

proper correspondence with the costs and fees of agreements with health care providers, as well as the intensity and frequency of use of its contributors. This is a major risk in the industry of low net operating margins. To mitigate this risk, Isapre Consalud S.A. has complete pricing models and an expert team in these matters. The business disability and survivor s insurance (SIS) has five main risk factors that affect it, the amount of disability applications submitted and the number of deaths occurring in the coverage period, the sales rate evolution of fixed annuities, the profitability evolution of pension funds, the approval rate of disability applications submitted and the taxable income evolution of contributors to the Pension Fund system. The rating process of the SIS was based on a thorough statistical and financial analysis made by the Company where variables were projected, besides Compañía de Seguros de Vida Cámara S.A. has financial hedge policies for its investment portfolio with an average maturity for its liabilities which mitigates the effect of low interest rates, along with an integral team oriented to management of the liquidation process of insurance, complementary to Department of Disability and Survivors, an organization that centralizes the back office of the SIS and depends on the Insurance Association of Chile. The second quarter of 2012 gave place to the third tendering of the Disability and Survivors Insurance for the period of Jul-2012 to Jun 2014, a business were Compañía de Seguros Vida Cámara participates, and in which the Company was not awarded for any fraction of that period. According to this, the insurance risk by way of the SIS concept will decrease considerably and will finally be extinct in 3 years, time during which Vida Cámara shall maintain reserves for policyholders affected by the disabled or deceased latecomers that have not yet reported their claims. The health and life insurance business of Compañía de Seguros de Vida Cámara S.A., Compañía de Seguros Corpvida S.A. y Compañía de Seguros Corpseguros S.A., present a risk in relation to the accident and the correct pricing of health and life plans. In subsidiaries Compañía de Seguros Corpvida S.A. and Compañía de Seguros Corpseguros S.A., the main objective in the management of the insurance risks have been stated as having sufficient resources to ensure compliance with the commitments set in their insurance contracts. In the case of annuities, the main related risks are longevity, increased life expectancy, investments, obtaining lower returns than expected and expenses, should they increase above expected. E. LIQUIDITY RISK Liquidity risk is measured as the possibility of the Group not meeting its commitments or financial obligations, its working capital needs and investments in fixed assets. ILC finances its activities and investments with dividends and profit distributions from companies in which it participates and with the proceeds from the sale of assets and/or the issuance of debt and equity. The Group has liquid financial resources to meet its short and long term obligations, in addition to a significant cash flow from its subsidiaries. Additionally, ILC has ample access to funds from the banking and capital markets to meet its obligations (or include amounts of credit lines), covered by credit ratings AA+ and AA+ given by companies Feller-Rate and Humphreys respectively. This was reflected in the placement of bonds by the The Company, for an amount equivalent to UF 2,500,000, in 2011 and by the subsidiary Red Salud in January 2012. This is compounded by the capital increase carried out by ILC where over Th$ 25,000,000 was collected in July 2012. ILC and its Subsidiaries constantly analyze the financial situation, making cash flow projections and of the economic environment in order to - if necessary - contracting new financial liabilities to restructure existing credit to terms that are more in line with the flow generating capacity. It also has pre-approved short-term credit lines that cover any liquidity risk. F. CREDIT RISK The credit risk is faced by the possibility of a counterparty not performing its contractual obligations, resulting in financial loss to the Group. Regarding credit risk related to bank balances, financial instruments and securities, most of the financial assets of the Group, such as cash reserve, insurance reserves and the investment portfolio of the parent, have high standards of requirement imposed by regulators and its own investment policies. These rankings consider minimum risk, maximum stake in industries or companies or minimum investment in securities issued by the Central Bank or Treasury, so credit risk is reduced almost equally to the one faced by the country s largest institutional investor. Insurance companies CorpVida, CorpSeguros & Vida Cámara, maintain financial investments to cover its insurance reserves, and keep detailed control of their risk classifications. Additionally, real estate holdings have guarantees such as land, buildings and bank guarantees, among other safeguards. The risk exposure related to the recovery of trade and other receivables is managed by each subsidiary of ILC. The main debtors are Health Care Organizations which have a minimum level of default due to the existing regulations in the sector related to assurance of the financial capacity of these institutions, and Fonasa which has a low credit risk as it is the main social security provider financed by direct contributions from the State. All other debtors are many customers with small amounts owed, which minimizes the impact of this risk. DISTRIBUTION OF PROFITS The paid up capital of the Company amounts to $ 239,852 millions (historic) and is represented by 100,000,000 ordinary registered shares with no par value. As provided in Article No. 10 of Law No. 18,046, the amount corresponding to the financial shareholder s equity valuation has been incorporated into the share capital, which shall be deemed as amended with full rights, once the financial statements are approved by the Ordinary Shareholders Meeting. 78 / 79

ANNUAL REPORT ILC 2013

EFFECTS ON EQUITY EQUITY ACCOUNTS BALANCE AT 31/12/2013 MILLIONS OF PESOS PROPOSAL TO THE BOARD MILLIONS OF PESOS Paid-up Capital 239,852 239,852 Share Premiums 470 470 Other Reserves 102,300 102,300 Accumulated profit 49,550 133,955 Annual profit 84,405 - Final dividend - (24,000) TOTAL EQUITY 476,577 452,577 DISTRIBUTABLE PROFIT 2013 MM$ ILC s Total Earnings 84.405 Variation of Habitat s Encaje multiplied by 67.48% 15.580 ILC s Distributable Earnings 68.825 Interim Dividends 21.000 Final Dividend (*) 24.000 TOTAL DIVIDENDS CHARGED TO THE PROFIT OF 2013 45.000 PERCENTAGE DISTRIBUTED OF THE DISTRIBUTABLE NET INCOME 65,4% (*)Subject to approval of the Ordinary Shareholder s Meeting 80 / 81 STATISTICS OF ILC S SHARE TRANSACTIONS IN THE STOCK MARKET QUARTER ELECTRONIC STOCK EXCHANGE OF CHILE QUARTER NUMBER OF SHARES TRANSACTED AVERAGE PRICE TOTAL AMOUNT TRANSACTED III Trimester 2012 2,351,004 $ 7,284 $ 17,021,823,143 IV Trimester 2012 648,374 $ 8,692 $ 5,636,222,963 I Trimester 2013 777,479 $ 9,150 $ 7,120,504,901 II Trimester 2013 252,017 $ 8,896 $ 2,242,312,153 III Trimester 2013 379,054 $ 6,803 $ 2,578,485,229 IV Trimester 2013 290,569 $ 7,337 $ 2,132,671,650 Source: Electronic Stock Exchange of Chile NUMBER OF SHARES TRANSACTED AVERAGE PRICE TOTAL AMOUNT TRANSACTED MARKET PRESENCE III Trimester 2012 53,715,695 $ 7,278 $ 384,192,564,767 26.11% IV Trimester 2012 9,804,519 $ 8,791 $ 86,530,668,411 60.00% I Trimester 2013 7,099,671 $ 9,139 $ 64,883,270,006 94.44% II Trimester 2013 6,782,229 $ 8,849 $ 60,012,714,657 100.00% III Trimester 2013 5,014,085 $ 6,910 $ 34,647,709,178 100.00% IV Trimester 2013 6,327,677 $ 7,326 $ 46,354,253,826 100.00% Source: Santiago Stock Market BROKER EXCHANGE STOCK MARKET (VALPARAÍSO) QUARTER NUMBER OF SHARES TRANSACTED AVERAGE PRICE TOTAL AMOUNT TRANSACTED III Trimester 2012 15,072 $ 7,392 $ 111,409,437 IV Trimester 2012 15,300 $ 9,060 $ 138,612,250 I Trimester 2013 14,156 $ 9,130 $ 129,148,039 II Trimester 2013 10,933 $ 9,035 $ 98,784,908 III Trimester 2013 4,520 $ 6,789 $ 30,686,538 IV Trimester 2013 - - - Source: Broker exchange Stock Market (Valparaíso)

2012 NATURAL PERSON / LEGAL PERSON RELATED PARTY TYPE OF INVESTMENT TRANSACTION AVERAGE UNIT PRICE ($) TOTAL AMOUNT OF THE TRANSACTION ($) 2013 NATURAL PERSON / LEGAL PERSON RELATED PARTY TYPE OF INVESTMENT TRANSACTION AVERAGE UNIT PRICE ($) TOTAL AMOUNT OF THE TRANSACTION ($) Italo Ozzano Cabezón Director ILC Financial Investment Purchase 7,169 49,881,248 Valeria Ines Reyes Fuentes (1) Director ILC Financial Investment Purchase 7,161 49,864,784 Sergio Torretti Costa Director ILC Financial Investment Purchase 7,061 2,993,864 Inversiones y Asesorías Marara Ltda. (2) Director ILC Financial Investment Purchase 7,166 99,790,894 José Miguel Garcia y Cía. Ltda. (3) Director ILC Financial Investment Purchase 7,061 331,372,730 Domínguez y Etchegaray Ltda (4) Director ILC Financial Investment Purchase 7,061 14,390,318 Lorenzo Constans Gorri Director ILC Financial Investment Purchase 7,171 39,274,107 Canella Construcciones y Compañía (5) Director ILC Financial Investment Purchase 7,171 19,320,298 Edgar Bogolasky Sack Director ILC Financial Investment Purchase 7,171 49,324,193 Mariana Fliman (6) Director ILC Financial Investment Purchase 7,061 6,397,266 Andrés Bogolasky (6) Director ILC Financial Investment Purchase 7,061 8,395,529 Natalia Bogolasky (6) Director ILC Financial Investment Purchase 7,061 4,391,942 Francisca Bogolasky (6) Director ILC Financial Investment Purchase 7,061 4,391,942 Alejandra Bogolasky (6) Director ILC Financial Investment Purchase 7,061 4,391,942 Inversiones Piedra Roja Limitada (6) Director ILC Financial Investment Purchase 7,171 49,247,371 Sociedad de Energía Solar Mirosolar S.A. (6) Director ILC Financial Investment Purchase 7,171 24,317,370 Asesorías e Inversiones MSD Ltda( 7) Director ILC Financial Investment Purchase 7,166 497,993,860 Colliers Prosin S.A. (7) Director ILC Financial Investment Purchase 7,151 995,864,905 Sociedad de Inversiones Prosin Ltda (7) Director ILC Financial Investment Purchase 7,200 497,993,271 Inversiones Loncoray Ltda. (7) Director ILC Financial Investment Purchase 7,189 599,450,950 Inversiones Hatuey Limitada (7) Director ILC Financial Investment Purchase 7,199 599,435,382 Valentina S.A. (7) Director ILC Financial Investment Purchase 7,425 605,071,544 Inversiones Isidora S.A. (7) Director ILC Financial Investment Purchase 7,192 599,512,672 Germán Menéndez Romero Management ILC Financial Investment Purchase 7,166 29,916,855 Javier Galdames Cerda Management ILC Financial Investment Purchase 7,061 10,393,792 Robinson Peña Gaete Management ILC Financial Investment Purchase 7,165 19,885,800 Ignacio González Recabarren Management ILC Financial Investment Purchase 7,146 33,783,860 David Gallagher Blamberg Management ILC Financial Investment Purchase 7,061 7,993,052 Golden Dome Asesorías e Inversiones Limitada (8) Management ILC Financial Investment Purchase 7,166 62,316,784 Cámara Chilena de La Construcción AG Controlling Group Financial Investment Sale 7,061 116,208,737,630 Nicole Winkler Management ILC Financial Investment Purchase 7,169 5,276,384 (1) Related to Mr. Ítalo Ozzano Cabezón. (2) Related to Mr. Francisco Vial Bezanilla. (3) Related to Mr. José Miguel García Echavarri. (4) Related to Mr. Alberto Etchegaray Aubry. (5) Related to Mr. Lorenzo Constans Gorri. (6) Related to Mr. Edgar Bogolasky Sack. (7) Related to Mr. Gastón Escala Aguirre. (8) Related to Mr. Pablo González Figari. COMPANY INTEREST ON BEHALF OF ILC DIRECTORS AND EXECUTIVES NAME POSITION NUMBER OF SHARES % INTEREST Daniel Hurtado Parot President 0 0.000000% Gastón Escala Aguirre Vice-chairman 617,493 0.617493% Italo Ozzano Cabezón Director 14,066 0.014066% Sergio Torretti Costa Director 424 0.000424% Paulo Bezanilla Director 0 0.000000% Francisco Vial Bezanilla Director 13,899 0.013899% Juan Benavides Feliu Director 0 0.000000% Lorenzo Constans Gorri Director 8,205 0.008205% Alberto Etchegaray Aubry Director 2,038 0.002038% José Miguel García Echevarri (1) Director 46,930 0.046930% Pablo González Figari (2) Chief Executive Officer 8,744 0.008744% Ignacio González Recabarren Chief Financial and Investor Relations Officer 4,720 0.004720% Cristóbal Cruz Barros (3) Comptroller Officer 5,618 0.005618% Robinson Peña Gaete Chief Accounting Manager 2,778 0.002778% Germán Menéndez Romero Deputy Manager of Management Control 4,190 0.004190% Nicole Winkler Sotomayor Deputy Manager of Development 736 0.000736% Juan Olguín Tenorio General Accountant 0 0.000000% María Paz Merino Pagola Head of Inverstor Relations 0 0.000000% Pablo Viviani Montalva Head of Management Control 0 0.000000% Lorena Mardones Jara Treasurer 0 0.000000% Javier Galdames (4) Head of Development 1,472 0.001472% (1) Was part of the Board from April 2007 to April 2013. (2) Pablo González acquired the shares through the company Golden Dome Asesorías e Inversiones Ltda. where he owns 10% of the property. (3) Christopher Cruz stepped down in March 2014. He acquired the shares through the company Los Ñires where he owns 1% of the property. (4) Javier Galdames joined ILC in May 2012 and left office in December 2013. ANNUAL REPORT ILC 2013

TRADEMARKS 2013 A) TRADEMARKS OF INVERSIONES LA CONSTRUCCIÓN S.A. To date the major brands registered in the name of Inversiones La Construcción S.A. (formerly Sociedad de Inversiones y Servicios la Construcción S.A.) are: 1) Trademark ILC INVESTMENTS, under number 938523 for classes 35 and 36, is in force, expiring on 11/18/2021. 2) Trademark RED SALUD CCHC, under numbers 793516 and 822222 for classes 36 to 44 are still in force and maturing on 07/31/2017 and 07/18/2018 respectively. 3) Trademark REDSALUD RED SOCIAL CCHC, under numbers 824762 and 824763 for classes 16, 36 and 44, is current and expires on 08/20/2018. 4) Trademark LA CONSTRUCTION, under number 871262 for Class 36 is current and expires on 02/02/2019. 5) Trademark CLINICA PEÑALOLÉN under numbers 969455, 969457, 969459, 999428 and 1027650 for classes 44, 42, 39, 41 and 35, is current, expiring on 10/29/2022 for classes 44, 42 and 39 for the 03/14/2023 for class 41 and 08/13/2023 for class 35. 6) Trademark CLINICA ÑUÑOA requested under numbers 998370 and 998371 for classes 42 and 44 dated 03/15/2012, is currently being processed. Also, this brand is registered under number 1027652, through Sociedad de Inversiones and Servicios la Construcción S.A. for class 35, is current and expires on 13/08/2023. 7) Trademark CLINICA MAIPÚ requested under numbers 998377, 998378, 998379, 998380 and 998381, for classes 44, 42, 41, 39 and 35 dated 03/15/2012, which is currently being processed. 8) Trademark CLÍNICA LA FLORIDA, under numbers 992520, 969461, 969463, 969465 and 1033743 for classes 44, 42, 41, 39 and 35 is in force, expiring on 02/08/2023 for class 44, on 10/29/2022 for classes 42, 41 and 39 and on 09/03/2023 for class 35. 9) Trademark CONVIDA, requested under number 1084439, for class 36 dated 11/27/2013, which is currently being processed. B) TRADEMARKS BY SUBSIDIARIES INVERSIONES LA CONSTRUCTION S.A. To date the major brands registered to Sociedades Filiales de Inversiones la Construcción S.A. are the following: 1) ISAPRE CONSALUD S.A. - Trademark ISAPRE CONSALUD through company Isapre Consalud S.A., under numbers 932317 and 933201 for classes 35, 36, 38, 44 and 16, is in force, expiring on 09/22/2021. - Trademark CONSALUD through company Isapre Consalud S.A., under numbers 757610, 757611, 757612 and 758105 for classes 16, 35, 36 and 44, is in force, expiring 05/04/2016 and 05/10/2016 for Class 44. 2) PENSION FUND MANAGER HABITAT S.A. - Trademark HABITAT A.F.P., through Pension Fund Administrator Habitat S.A., under numbers 943597 and 943598 for classes 16, 36 and 38 is in force, expiring on 11/26/2021. - Trademark AFP HABITAT, through Pension Fund Administrator Habitat S.A., under number 983 178 for Class 36 is current, expiring on 01/03/2023. 3) COMPAÑÍA DE SEGUROS CORPVIDA S.A. - Trademark CORPSEGUROS, through company Compañía de Seguros Corpvida S.A., under number 809983 for Class 36 is current, expiring on 11/27/2017. - Trademark CORPVIDA, through company Compañía de Seguros Corpvida S.A., under numbers 814604, 821812, 814605 and 814606 for classes 42, 36, 35 and 16, is current, expiring on 04/22/2018 for classes 24, 35 and 16, and 07/11/2018 for class 36. - Trademark CORP VIDA by company Compañía de Seguros Corpvida S.A., under numbers 960835, 960838, 960836 and 960837 for classes 16, 35, 36, 37, 42, 43, 44 and 45, is in force, expiring on 01/24/2022. 4) CLÍNICA BICENTENARIO S.A. (FORMERLY CLÍNICA LA CONSTRUCCIÓN S.A.) Trademark CLINIC BICENTENARIO through company Clínica La Construcción S.A., under number 856278 for classes 35, 39, 41, 42 and 44, is current, expiring on 07/27/2019. 5) SERVICIOS MEDICOS TABANCURA S.A. Trademark CLÍNICA TABANCURA, through company Servicios Médicos Tabancura S.A., under the number 1006266 for Class 16 is current, expiring on 10/30/2022. 6) CLINICA AVANSALUD S.A. Trademark CLINICA AVANSALUD, through company Clínica Avansalud S.A., under numbers 702634, 702635 and 702636 for classes 16, 36 and 38, is in force, expiring 09/07/14. The brand CLÍNICA AVANSALUD through company Clínica Avansalud S.A., filed under numbers 1091424, 1091422 and 1091423 for classes 16, 36 and 38, which are currently being processed. Trademark AVANSALUD through company Clínica Avansalud S.A., under the numbers 688653, 982 282, 982284, 695431 and renewed under the number 1042249 for classes 16, 36, 38 and 44 is in force, due on 03/18/14 for class 36, the 09/10/22 for Class 36 and 38, the 06/16/14 for Class 44 and renewed expiring 12/22/2023. The brand AVANSALUD through company Clínica Avansalud S.A., filed under numbers 1091429 and 1091421 for classes 16 and 44, which are currently being processed. 7) MEGASALUD S.A. Trademark MEGASALUD through company Megasalud S.A., under numbers 756393, 927137, 753183, 754718 and 750311 for classes 10, 16, 36, 42 and 44, is current, expiring on 04/18/16 for class 10, 08/01/2021 for the class 16, 03/10/2016 for class 36, 03/29/16 for class 42 and 02/10/16 for Class 44. 82 / 83

8) COMPAÑÍA DE SEGUROS DE VIDA CÁMARA S.A. Trademark VIDA CÁMARA the company Compañía de Seguros de Vida Cámara S.A., under the number 913784 for Class 36 is current, expiring on 03/23/2021. 9) ICONSTRUYE S.A. Trademark ICONSTRUYE through company Iconstruye S.A., under numbers 939970 and 983800 for classes 9, 16, 35, 36, 37, 38, 41 and 42, is current, expiring on 11/22/2021 for classes 9, 16 and 02/01/2022 for classes 35, 36, 37, 38, 41 and 42. CONTRACTED INSURANCE The Group has taken out insurance policies to cover the possible risks to which the various items of property, plant and equipment are subject, as well as potential claims which may affect directors and officers in the exercise of their activity; such policies adequately cover the risks to which they are subjected. ILC holds three insurance policies covering risks relating to physical assets: - Breakdown of machinery and liability for the building located at Marchant Pereira 10, Providencia. The coverage for this is: fire, earthquake, machinery breakdown, electronic equipment, theft, assault, glass and terrorist acts. - Insurance against all risks for the building located at Avenida Libertador Bernardo O Higgins 194, Santiago commune and the building located on Avenida Italia 1056, Providencia. AFP Habitat has a policy that covers all its properties and covers it against the risk of physical loss or damage. Isapre Consalud maintains a policy that covers all its properties and covers it against the risk of physical loss or damage. Red Salud keeps policies covering fire hazards, terrorism, earthquake, liability and business interruption losses in its subsidiaries. Nahuelcura School keeps one insurance policy to cover risks such as fires, earthquakes, natural hazards, terrorism and civil liability. Subsidiaries of Corp Group Vida Chile S.A., CorpVida and CorpSeguros keep coverage for risks associated with fire, content theft, electronic equipment damage and civil liability. RELATED PARTY TRANSACTIONS TAXPAYER ID PARENT COMPANY TAXPAYER ID TAX PAYER ID SUBSIDIARY ACTING AS COUNTERPARTY NATURE OF THE RELATIONSHIP TRANSACTION DESCRIPTION AMOUNT IN TH$ EFFECT ON INCOME (CHARGE) / CREDIT 94,139,000-5 Inversiones La Construcción S.A. 99,003,000-6 Compañía de Seguros Vida Cámara S.A. Parent-Subsidiary Loan to Checking Account 2,500,000 3,137 94,139,000-5 Inversiones La Construcción S.A. 76,020,458-7 Red Salud S.A. Parent-Subsidiary Loan to Checking Account 10,000,179 225,379 94,139,000-5 Inversiones La Construcción S.A. 76,081,583-7 Sociedad Educacional Machalí S.A. Parent-Subsidiary Loan to Checking Account 16,000 273 94,139,000-5 Inversiones La Construcción S.A. 76,283,171-6 Inversiones Marchant Pereira Ltda. Parent-Subsidiary Loan to Checking Account 586,000-94,139,000-5 Inversiones La Construcción S.A. 76,296,621-2 Inmobiliaria ILC SpA Parent-Subsidiary Loan to Checking Account 7,621,317 147,874 94,139,000-5 Inversiones La Construcción S.A. 76,096,446-1 Inversiones Previsionales Dos S.A. Parent-Subsidiary Loan to Checking Account 32,088-94,139,000-5 Inversiones La Construcción S.A. 99,003,000-6 Compañía de Seguros Vida Cámara S.A. Parent-Subsidiary Office lease 175,273 175,273 94,139,000-5 Inversiones La Construcción S.A. 94,941,720-0 Iconstruye S.A. Parent-Subsidiary Office lease 80,072 80,072 94,139,000-5 Inversiones La Construcción S.A. 98,001,100-8 AFP Habitat S.A. Parent-Subsidiary Warehouse lease 1,092 1,092 94,139,000-5 Inversiones La Construcción S.A. 76,123,853-1 Inmobiliaria Clínica S.A. Parent-Subsidiary Land lease 5,040 5,040 94,139,000-5 Inversiones La Construcción S.A. 96,608,510-k Inversiones Internacionales La Construcción S.A. Parent-Subsidiary Administrative consulting 18,000 18,000 94,139,000-5 Inversiones La Construcción S.A. 76,090,153-9 Inversiones La Construcción Limitada Parent-Subsidiary Administrative consulting 36,000 36,000 81,458,500-k Cámara Chilena de la Construcción AG 94,139,000-5 Inversiones La Construcción S.A. Parent-Subsidiary Office lease 7,214 7,214 TOTALES 21,078,275 699,354 ANNUAL REPORT ILC 2013

84 / 85

10 INFORMATION ON RELEVANT FACTS On March 25, 2013 the Board was informed that Mr. José Miguel García Echavarri resigned as Director of the Company, which became effective on 26 March 2013. On April 29, 2013, the ordinary shareholders meeting of the Company approved the following resolutions: a) To distribute as final dividend to shareholders - in addition to the interim dividends paid under the profit of that year - the amount of $ 28.8 billion, charged to 2012 financial year, corresponding accordingly to $88 pesos per share, payable on 16 May 2013 to shareholders registered in the Register of Shareholders of the Company on the fifth business day prior to that date; b ) To elect as directors of the Company Mr. Daniel Hurtado Parot, Gastón Escala Aguirre, Lorenzo Constans Gorri, Alberto Etchegaray Aubry, Italo Ozzano Cabezón, Paulo Bezanilla Saavedra, Sergio Torretti Costa, Francisco Vial Bezanilla and Juan Benavides Feliu, the latter self-employed; c) To appoint Ernst & Young Servicios Profesionales de Auditoría y Asesorías Limitada as the external auditing firm. It was also reported that at a Board meeting held after the above mentioned meeting, the Board unanimously agreed to appoint Mr. Daniel Hurtado Parot as Chairman and Mr. Gastón Escala Aguirre as Vice-Chairman of the Company. In addition, directors Messrs. Lorenzo Constans Gorri and Francisco Vial Bezanillahe were appointed as members of the Company s Investment Committee. Lastly, it was reported that the Committee of Directors of the Company was composed of directors Messrs. Juan Benavides Feliu, Sergio Torretti Costa and Paulo Bezanilla Saavedra. On June 18, 2013, a partnership between the Company and Cognita Chile Limitada took place, by which the latter acquired 51% shares of the subsidiary Desarrollos Educacionales S.A., excluding its shares in Sociedad Educacional Machalí S.A. As part of this partnership, the Company and Cognita signed a shareholders agreement governing the administration of Desarrollos Educacionales S.A., in order to prevent the new ownership structure from causing a change in the normal functioning of schools that depend on it, and instead to allow a gradual implementation of the education project with which Cognita aims to help improve educational standards of such establishments. All of the shares transferred to Cognita represent about 0.6% of the Company assets and their sale is expected to generate a positive effect on the results of nearly $200 million. It should also be noted that due to the transfer of those shares, the Company will consolidate its financial statements with Educational Development S.A. and its subsidiaries, which will mean that the Company s liabilities will decrease by approximately $ 39,000 million. On July 10, 2013, it was reported that ILC SpA, a subsidiary of the Company, has signed a promise of sale contract with Inmobiliaria y Constructora Apoquindo Las Condes S.A., in order to acquire approximately 17,545.87 square meters of offices, 527 parking spaces and 1,319 square meters of warehouses, all located in the project called Edificio Apoquindo/Las Condes, located at the intersection of Avenida Apoquindo and Avenida Las Condes, in the district of the same name, a project that is being developed by real estate and construction companies FFV and Nahmias, through the appointed company. The promised sale price is equivalent in local currency to UF 1,433,299 plus Value Added Tax (VAT). Inversiones ILC SpA has made and shall make the following advances for the price: a) UF 286,660 plus VAT already paid on the signing ceremony of the aforementioned promise; b) UF 429,990 plus VAT, in two equal installments during the construction of the building; c) A final payment of UF 716,650 plus VAT at the time of the signing of the definitive purchase agreement. ANNUAL REPORT ILC 2013

86 / 87 The final conclusion of the sale shall be made within the deadline of 1 March 2017. The Board also instructed management to analyze and review other property assets held by the Company. On 23 September2013, the Company signed a Memorandum of Agreement with companies Inversiones Corp Group Interhold Limitada, Corp Group Banking S.A. y FIP Corp Life, represented by Inversiones Torre CG S.A., sole shareholders of the company Corp Group Vida Chile S.A., holding company of the insurer entities called Compañías de Seguros Corpvida S.A. and Compañías de Seguros Corpseguros S.A. According to the reported agreement, the Company will acquire: a) 67% of the total shares issued, subscribed and paid to Corp Group Vida Chile S.A.; b) All the social rights of Corp Group Vida Limitada that are not owned by its parent Corp Group Vida Chile S.A.; c) 1 share of Compañía de Seguros Corpseguros S.A. owned by Inversiones Corpgroup Interhold Limitada. The closing of the transaction is subject to the results of a due diligence of the companies involved in the operation and the negotiation of contracts to carry it out, which are expected to be held before 30 November 2013. The price for the shares and social rights described above shall be of CLP $ 84,541.94 million, figure which is subject to certain adjustments that will be calculated at the close of the transaction. The price will be payable in cash at the time of the transfer of those shares and social rights. The closing of the transaction also contemplates the provision of certain warranties by the sellers; granting the sellers options to purchase certain assets and a put option for the remaining shares of Corp Group Vida Chile S.A. as well as the signing of the Shareholders Agreement between the parties, which will not have a joint agreement on the management of the companies involved. Finally, it is noted that the net asset value of the companies to be acquired, represent 13% of the market capitalization value of Inversiones La Construcción S.A. On 24 September 2013, the board meeting of the Company reported that it had agreed to distribute to shareholders an interim dividend of $150 per share; charged to the net income of 2013, which will be paid on 17 October of that year. On 18 November 2013, it was reported that the Company acquired: a) 67% of the total shares issued, subscribed and paid to Corp Group Vida Chile S.A.; b) All social rights of Corp Group Vida Limitada that are not owned by its parent Corp Group Vida Chile S.A.; c) 1 share of Compañía de Seguros Corpseguros S.A. owned by Inversiones Corpgroup Interhold Limitada. As a result, the Company indirectly acquired control of insurance companies called Compañía de Seguros Corpvida S.A. and Compañía de Seguros Corpseguros S.A. Additionally, a Shareholders Agreement was signed with the other shareholders of the company Corp Group Vida Chile S.A.; companies Inversiones Corp Group Interhold Ltda., Corp Group Banking S.A. y FIP Corp Life represented by Inversiones Torre CG S.A., which does not include an agreement for joint action in the management of the companies involved. The transaction also considers the provision of certain guarantees on behalf of the sellers. The price paid for the shares and social rights described above, was CLP $87,250 million, which was paid upon the transfer of those shares and social rights. On 16 December 2013, the Board Meeting of the Company held on that day reported that it had agreed to distribute an interim dividend of $60 per share; charged to net income of 2013, which will be paid from 16 January 2014.

ANNUAL REPORT ILC 2013

88 / 89 11 IDENTIFICATION OF SUBSIDIARIES AND ASSOCIATES SUBSIDIARY COMPANY INVESCO LIMITADA. REGISTERED NAME: Inversiones la Construcción Limitada TAXPAYER ID: 76,090,153-9 LEGAL NATURE: Limited liability Company PAID-IN CAPITAL: $97,015 million % OF TOTAL OWNERSHIP: 99.9% % OF INVESTMENT IN PARENT S TOTAL ASSETS: 17.0% CORPORATE PURPOSE/ACTIVITIES: The sole purpose of the company is the embodiment of all types of investments in movable and immovable assets, tangible and intangible property, including social rights, stocks and all kinds of securities. BOARD CHAIRMAN: Daniel Hurtado Parot VICE-CHAIRMAN: Gastón Escala Aguirre DIRECTORS: Lorenzo Constans Gorri Paulo Bezanilla Saavedra Alberto Etchegaray Aubry Sergio Torretti Costa Juan Benavides Feliú Ítalo Marcelo Ozzano Cabezón Francisco Vial Bezanilla ADMINISTRATION GENERAL MANAGER: Pablo González Figari (*) The directors are also directors of the parent. Pablo Gonzalez is part of the parent s management. MAIN CONTRACTS WITH THE PARENT: The Company maintains a contract of management consultancy with the parent. SUBSIDIARY COMPANY INPRESA DOS S.A. REGISTERED NAME: Inversiones Previsionales Dos S.A. TAXPAYER ID: 76,093,446-1 LEGAL NATURE: Closed corporation PAID-IN CAPITAL: $42,354 million % OF TOTAL OWNERSHIP: 99.9% % OF INVESTMENT IN PARENT S TOTAL ASSETS: 19.5%

CORPORATE PURPOSE/ACTIVITIES: The sole purpose of the company is investment in shares and securities issued or issued by the Pension Fund Administrator Habitat S.A. and, in general, in all kinds of securities and negotiable investment instruments. Inversiones Previsionales Dos S.A. has carried out its activities mainly in Chile and its businesses are oriented to the pension segment, which comprises the administration of pension funds, in addition to providing the services and benefits provided by law. BOARD CHAIRMAN: Ítalo Ozzano Cabezón VICE-CHAIRMAN: Ricardo Silva Mena DIRECTORS: Pablo González Figari Robinson Peña Gaete ADMINISTRATION GENERAL MANAGER: Pablo González Figari (*) Mr. Italo Ozzano Cabezon is director of the parent. Robinson Peña Gaete and Pablo González Figari are part of the parent s management. MAIN CONTRACTS HELD WITH PARENT: The Company keeps a commercial checking account with the parent. SUBSIDIARY COMPANY AFP HABITAT REGISTERED NAME: Administradora de Fondos de pensiones Habitat S.A. LEGAL NATURE: Public Corporation TAXPAYER ID: 98,000,100-8 PAID-IN CAPITAL: $1,764 million % OF TOTAL OWNERSHIP: 67.49% % OF INVESTMENT IN PARENT S TOTAL ASSETS: 26.3% CORPORATE PURPOSE/ACTIVITIES: The sole purpose of the Company is to manage pension funds, grant and manage the services and benefits provided for in Decree 3500 of 1980, and perform other activities expressly authorized by the law, especially, to constitute - as a complement to its line of business - subsidiary corporations within the terms set in Article 23 of Decree Law 3,500 and invest in corporations organized as Securities deposits referred to in Law 18,873. REGISTRATION: Authorization abstract granted existence by the Superintendence of AFP enrolled as fs.2.435 N 1,300 of the 1981 Trade Register in the Land and Property Registrar of Santiago and was published in the Official Gazette on January 30, 1981. GOVERNING DOCUMENTS: Deed dated 26 January 1981, issued by the notary of Santiago, don José Valdivieso. Its existence was authorized by resolution of the AFP Superintendence N E 002/81 dated 27 January 1981. BOARD CHAIRMAN: José Antonio Guzmán Matta VICE-CHAIRMAN: Luis Nario Matus DIRECTORS Fernando Alberto Zabala Cavada José Miguel García Echavarri Luis Rodríguez Villasuso Sario Klaus Schmidt-Hebbel Dunker Jaime Danús Larroulet ADMINISTRATION AND PERSONNEL MANAGERS AND ASSISTANT MANAGERS: 27 HEADS, PROFESSIONALS AND TECHNICIANS: 333 ADMINISTRATIVE PERSONNEL AND SALESFORCE: 894 ADMINISTRATION GENERAL MANAGER: Cristián Rodríguez Allendes INVESTMENT MANAGER: Alejandro Bezanilla Mena ADMINISTRATION AND FINANCE MANAGER: Patricio Bascuñán Montaner HUMAN RESOURCES MANAGER: Paola Daneri Hermosilla OPERATIONS AND TECHNOLOGY MANAGER: Claudia Carrasco Cifuentes PLANNING AND RISK MANAGER: Cristián Halabi Kanacri DISTRICT ATTORNEY: José Miguel Valdés Lira COMPTROLLER: Hugo Montecinos Fernández SERVICE MANAGER: José Manuel Izquierdo Correa MAIN CONTRACTS WITH THE PARENT: The Company has a warehouse lease contract with the parent ASSOCIATED COMPANY HABITAT ANDINA S.A. REGISTERED NAME: Habitat Andina S.A. LEGAL NATURE: Chilean corporation TAXPAYER ID: 76.255.327-9 PAID-IN CAPITAL: $5,500 million % DE OWNERSHIP OF ILC: 63.47% % OF INVESTMENT IN PARENT S TOTAL ASSETS: 0.3% ANNUAL REPORT ILC 2013

BUSINESS PURPOSE: The purpose of the Company is the provision of services to individuals or corporations operating abroad and investment in Pension Fund Administration companies or in companies related to security matters, incorporated elsewhere. a) Administration of pension fund portfolios b) Custody of Securities c) Collection of contributions and deposits d) Computer Information Processing e) Rent and sale of computer systems f) Training g) Administration of individual accounts and of pension savings h) Promotion and sale of computer systems i) Pension consulting j) Administration and payment of benefits relating to pension k) Investments in shares or rights in Pension Fund Administrators l) Investment in shares or rights in companies whose business is pension-fund related All this in compliance with the provisions set in Law N 18,046 and Article N 23 of Decree N 3,500. BOARD CHAIRMAN: Alejandro Bezanilla Mena VICE-CHAIRMAN: Claudia Carrasco Cifuentes DIRECTOR: José Miguel Valdés Lira ADMINISTRATION GENERAL MANAGER: Cristian Halabi Kanacri MAIN CONTRACTS WITH THE PARENT: There are no contracts held with parent. ASSOCIATED COMPANY AFP HABITAT S.A. (PERÚ) REGISTERED NAME: AFP Habitat S.A. LEGAL NATURE: Chilean corporation PAID-IN CAPITAL: 43,826.232 thousands of Nuevos Soles % TOTAL OWNERSHIP: 63.42% % OF INVESTMENT OF THE PARENT S NET ASSETS: 0.6% CORPORATE PURPOSE/ACTIVITIES: The purpose is the management of pension funds and the granting of retirement, disability, survivors and funeral expenses, as provided by Decree Law N 25897, Law of Private System of Pension Fund Administration and their rules regulations and amendments. BOARD: CHAIRMAN: Rafael Bernardo Luis Picasso Salinas VICE-CHAIRMAN: Patrick Muzard Le Minihy de la Villehervé DIRECTOR: Juan Gil Toledo Escobedo Cristian Rodríguez Allendes Joaquín Cortez Huerta María Cecilia Blume Cillóniz MAIN CONTRACTS WITH THE PARENT: There are no contracts held with the Parent. SUBSIDIARY COMPANY CORP GROUP VIDA CHILE S.A. REGISTERED NAME: Corp Group Vida Chile S.A. TAXPAYER ID: 96,751,830-1 LEGAL NATURE: Closed corporation PAID-IN CAPITAL: $179,823 million % TOTAL OWNERSHIP: 67.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 20.9% CORPORATE PURPOSE/ACTIVITIES: Investments of all kinds whether movable or immovable, on its own account or another s, whether by sale of shares, bonds, debentures and other commercial or financial instruments and all kinds of property, movable or immovable property and shareholdings in companies of any kind as partner or shareholder or taking part in such companies by any means. In particular, it considers the participation in investments and companies related to insurance of any kind. It may also provide advisory and consulting of all kinds, especially related to financial aspects. BOARD CHAIRMAN: Joaquín Cortez Huerta VICE-CHAIRMAN: Pablo González Figari DIRECTORS: María Catalina Saieh Guzmán Alejandro Ferreiro Fernando Siña Gardner Patricio Mena Barros Sergio Icaza Pérez ADMINISTRATION GENERAL MANAGER: Robinson Peña Gaete (*) The director Mr. Pablo González and Robinson Peña Gaete are part of the parent s management. MAIN CONTRACTS WITH THE PARENT: There are no contracts held with the Parent. ASSOCIATED COMPANY COMPAÑÍA CORPGROUP VIDA LIMITADA REGISTERED NAME: CorpGroup Vida Limitada TAXPAYER ID: 76,080,631-5 LEGAL NATURE: Limited liability Company PAID-IN CAPITAL: $85,929 million 90 / 91

% TOTAL OWNERSHIP: 66.93% % OF INVESTMENT OF THE PARENT S NET ASSETS: 14.8% CORPORATE PURPOSE/ACTIVITIES: (a) Make investments of any kinds, on its own account or another s, whether in real estate or personal property, tangible or intangible, including stocks, bonds, debentures and any other commercial instrument or financial interests in companies of any kind, either acting as partner or shareholder, and taking part in such companies by any means; manage those investments and receiving pay off. The Company s purpose especially includes participation in investments, partnerships and companies related to all kinds of insurance, regulated by the Superintendence of Securities and Insurance -. (B) Provide management services, organization, business administration and advice in financial, trade, economic, organizational, tax, legal and marketing matters -. (c) In general, the performance of any other activity directly or indirectly related to the above. BOARD CHAIRMAN: Joaquín Cortez Huerta VICE-CHAIRMAN: Patricio Mena Barros DIRECTORS: Fernando Siña Gardner María Catalina Saieh Guzmán Alejandro Ferreiro Yazigi Sergio Icaza Pérez Pablo González Figari ADMINISTRATION: The Administration of CorpGroup Vida Limitada is carried out by Corp Group Vida Chile S.A., through its directors and representatives. (*) The director Mr. Pablo Gonzalez Figari is part of the parent s management. MAIN CONTRACTS WITH THE PARENT: There were no commercial relations or agreements concluded with the Parent. ASSOCIATED COMPANY COMPAÑÍA DE SEGUROS CORPVIDA S.A. REGISTERED NAME: Compañía de Seguros CorpVida S.A. TAXPAYER ID: 96,571,890-7 LEGAL NATURE: Closed corporation subject to special regulations (Art. 126 y SS of law 18.046). PAID-IN CAPITAL: $151,304 million % TOTAL OWNERSHIP: 48.27% % OF INVESTMENT OF THE PARENT S NET ASSETS: 10.6% CORPORATE PURPOSE/ACTIVITIES: Contract insurance and life reinsurance of all types, present or future, pension insurance or of income that can be classified as belonging to the Second Group of the classification of the eighth article in Decree-Law No. 251 of 1931, or laws or regulations which may replace or modify it. It may also undertake other activities that are similar or complementary to the purpose, including risk coverage of personal accidents and of health, and generally perform any other acts, contracts or transactions permitted by the law carry to insurance companies in the second group. BOARD CHAIRMAN: Joaquín Cortez Huerta VICE-CHAIRMAN: Patricio José Mena Barros DIRECTORS Sergio Icaza Pérez Alejandro Ferreiro Yazigi Bruce Stanforth Francis T. Lucchesi Fernando Siña Gardner ADMINISTRATION AND PERSONNEL MANAGERS AND ASSISTANT MANAGERS: 35 HEADS AND PROFESSIONALS: 161 WORKERS: 580 ADMINISTRATION GENERAL MANAGER: Christian Rodrigo Abello Prieto COMPTROLLER MANAGER: Enrique Eduardo Margotta Saavedra BUSINESS MANAGER: Mauricio Antonio Fasce Pineda INVESTMENT MANAGER: Jorge Espinoza Bravo TAX MANAGER: Ximena Andrea Kaftanski Arancibia TECHNICAL MANAGER: Raúl Antonio Ahumada Haddad HUMAN RESOURCES MANAGER: Sylvia Yáñez Moreno OPERATIONS AND TECHNOLOGY MANAGER: José Soler Martínez MANAGEMENT AND FINANCE CONTROL MANAGER: José Luis Montero Pérez MAIN CONTRACTS WITH THE PARENT: There were no business relationships or contracts held with the parent ASSOCIATED COMPANY COMPAÑÍA DE SEGUROS CORPSEGUROS S.A. REGISTERED NAME: Compañía de Seguros CorpSeguros S.A. TAXPAYER ID: 76,072,304-5 ANNUAL REPORT ILC 2013

LEGAL NATURE: Closed corporation, subject to special norms (Art. 126 y SS de ley 18.046). PAID-IN CAPITAL: $141,048 million % TOTAL OWNERSHIP: 66.93%% % OF INVESTMENT OF THE PARENT S NET ASSETS: 18.7% CORPORATE PURPOSE/ACTIVITIES: To ensure premium based insurance operations and reinsurance of the risks included in the second group of the eighth article of the decree with force of law number two hundred fifty-one of nineteen thirty one or in the subsequent legal or regulatory provisions that may replace or modify it. Its purpose will include operations covering all types of life risks, present or future, life or annuity insurance, of personal accidents, health or others that ensure the policyholder, within or at the end of its term, a capital, a paid-up policy or an income for itself or its beneficiary. It may also undertake other activities that are similar or complementary to said purpose authorized by the SVS. BOARD CHAIRMAN: Joaquín Cortez Huerta VICE-CHAIRMAN: Patricio José Mena Barros DIRECTORS Alejandro Ferreiro Yazigi Sergio Icaza Pérez Fernando Siña Gardner Pablo González Figari Catalina Saieh Guzmán ADMINISTRATION AND PERSONNEL MANAGERS AND ASSISTANT MANAGERS: 2 HEADS AND PROFESSIONALS: 33 WORKERS: 44 ADMINISTRATION GENERAL MANAGER: Christian Rodrigo Abello Prieto COMPTROLLER MANAGER: Enrique Eduardo Margotta Saavedra BUSINESS MANAGER: Mauricio Antonio Fasce Pineda INVESTMENT MANAGER: Jorge Espinoza Bravo TAX MANAGER: Ximena Andrea Kaftanski Arancibia TECHNICAL MANAGER: Raúl Antonio Ahumada Haddad HUMAN RESOURCES MANAGER: Sylvia Yáñez Moreno OPERATIONS AND TECHNOLOGY MANAGER: José Soler Martínez ADMINISTRATION AND FINANCE CONTROL MANAGER: José Luis Montero Pérez (*) The director Mr. Pablo González Figari is part of the parent s administration. MAIN CONTRACTS WITH THE PARENT: There were no business relationships or contracts held with the parent. SUBSIDIARY COMPANY ISAPRE CONSALUD REGISTERED NAME: Isapre Consalud S.A TAXPAYER ID: 96,856,780-2 LEGAL NATURE: Closed corporation PAID-IN CAPITAL: $14,984 million % TOTAL OWNERSHIP: 99.9% % OF INVESTMENT OF THE PARENT S NET ASSETS: 2.1 % CORPORATE PURPOSE/ACTIVITIES: Isapre Consalud aims at the provision of benefits and health benefits, either directly or through the financing thereof, and activities that are similar or complementary to that end, all in accordance with the provisions of Law 18,933 and its supplementary provisions. BOARD CHAIRMAN: Máximo Honorato Álamos VICE-CHAIRMAN: Pedro Grau Bonet DIRECTORS Orlando Sillano Zan Pablo Ihnen de la Fuente Guillermo Martínez Barros ADMINISTRATION AND PERSONNEL MANAGERS AND EXECUTIVES: 10 ADMINISTRATIVE STAFF AND SALESFORCE: 1,373 PROFESSIONALS AND TECHNICIANS: 303 ADMINISTRATION GENERAL MANAGER: Marcelo Dutilh Labbé DEVELOPMENT MANAGER: Felipe Andrés Allendes Silva ADMINISTRATION AND FINANCE MANAGER: Hernán Alfredo Pérez Carvallo OPERATIONS AND TECHNOLOGY MANAGER: Raúl Roberto Zilleruelo León 92 / 93

COMPTROLLER: Juan Pablo Martín Frugone Domke BUSINESS MANAGER: Juan Carlos Barrés Marticorena HUMAN RESOURCES: Carmen Paz Urbina Sateler ATTOURNEY: Héctor Mauricio Alliende Leiva CUSTOMER SERVICE MANAGER: Harald Christian Chutney Vallejos HEALTH MANAGER: Gonzalo Rodríguez Edwards MAIN CONTRACTS WITH THE PARENT: There were no business relationships, or contracts held with the parent. SUBSIDIARY COMPANY COMPAÑÍA DE SEGUROS VIDA CÁMARA REGISTERED NAME: Compañía de Seguros Vida Cámara S.A. TAXPAYER ID: 99,003,000-6 LEGAL NATURE: Closed corporation PAID-IN CAPITAL: $10,689 million % TOTAL OWNERSHIP: 99.9% % OF INVESTMENT OF THE PARENT S NET ASSETS: 2.1% CORPORATE PURPOSE/ACTIVITIES: The Company aims to ensure premium-based insurance operations and reinsurance of the risks included in the second group referred to the eighth article of the Decree Law of Force two hundred fifty-one, of the twentieth of May nineteen thirtyone and subsequent laws or regulations which may replace or modify it. Its registered office is in the municipality of Las Condes, Region Metropolitana. It may establish branches and agencies it considers necessary for the conduct of its operations, both inside and outside the Republic of Chile. BOARD CHAIRMAN: Otto Kunz Sommer VICE-CHAIRMAN: Fernando Prieto Wormald DIRECTORS Pablo Ihnen de la Fuente Pablo González Figari Barham Madaín Ayub Ramón Yávar Bascuñán José Manuel Poblete Jara (*) The director Mr. Pablo González Figari is part of ILC s administration. ADMINISTRATION AND PERSONNEL MANAGERS AND EXECUTIVES: 11 PROFESSIONALS AND TECHNICIANS: 72 ADMINISTRATIVE STAFF: 145 MANAGEMENT GENERAL MANAGER: Alfonso Cortina García MANAGEMENT OF THE PLANNING AND OPERATIONS DIVISION: Sergio Arroyo Merino BUSINESS MANAGER: Francisco Campos Olivares ADMINISTRATION AND FINANCE MANAGER: Nestor Ramírez Fuentes OPERATIONS MANAGER: Jaime Riffo Cortés MAIN CONTRACTS WITH THE PARENT: The company currently keeps a commercial current account with the parent and a lease contract for the offices in Marchant Pereira 10, Providencia. ASSOCIATED COMPANY COMPAÑÍA DE SEGUROS VIDA CÁMARA (PERU) REGISTERED NAME: Vida Cámara Perú S.A. LEGAL NATURE: Chilean corporation especial PAID-IN CAPITAL: $6,082 million % TOTAL OWNERSHIP: 99.9% % OF INVESTMENT OF THE PARENT S NET ASSETS: 0.0% CORPORATE PURPOSE/ACTIVITIES: The Company aims to ensure premium-based life insurance operations allowed by Law N 26702, General Law of the Financial System and Insurance systems and organic law of the Superintendence of Banking and Insurance or according to the standards that may be altered or replaced, the insurance companies referred under paragraph D) of Article 16 of such legislation, and can also perform all operations or events related to the purpose that contribute to the achievement of its goals, even if they are not expressly stated in the statute, and in general all activities and transactions that the applicable regulations allow the companies included in this subparagraph and all insurance companies in general. BOARD CHAIRMAN: Jorge Alfredo Guillermo Picasso Salinas DIRECTORS Dulio Aurelio Costa Olivera Alfonso Arturo Cortina García Patrick Jean Olivier Muzard Le Minihy De La Villeherve Sergio Andrés Arroyo Merino ADMINISTRATION GENERAL MANAGER: José Bazo Febres MAIN CONTRACTS WITH THE PARENT: There were no business relationships, or contracts held with the parent. ANNUAL REPORT ILC 2013

SUBSIDIARY COMPANY RED SALUD S.A. REGISTERED NAME: Empresas Red Salud S.A. TAXPAYER ID: 76,020,458-7 LEGAL NATURE: Closed corporation inscrita en el Registro de Valores de la SVS PAID-IN CAPITAL: $48,541 million % TOTAL OWNERSHIP: 89.99% % OF INVESTMENT OF THE PARENT S NET ASSETS: 16.0% CORPORATE PURPOSE/ACTIVITIES: The purpose of the Company will be to invest in all types of tangible and intangible property, including rights in companies, shares, securities, debt securities and negotiable instruments. BOARD CHAIRMAN: Alberto Etchegaray Aubry VICE-CHAIRMAN: Juan Ignacio Silva Alcalde DIRECTORS Lorenzo Constans Gorri Enrique Loeser Bravo Kurt Reichhard Barends Andrés Sanfuentes Vergara Carlos Orfalí Bejer Gustavo Vicuña Molina (*) Mr. President Alberto Etchegaray Aubry and director Lorenzo Constans Gorri are part of the parent s Board. ADMINISTRATION AND PERSONNEL MANAGERS AND EXECUTIVES: 161 PROFESSIONALS AND TECHNICIANS: 5,134 WORKERS: 2,815 ADMINISTRATION GENERAL MANAGER: Ricardo Silva Mena MEDICAL MANAGER: Victoria Fabré Muñoz DEVELOPMENT MANAGER: Juan Pablo Undurraga Costa PLANNING MANAGER: Nora G. Terry ADMINISTRATION AND FINANCE MANAGER: Jorge Martínez Alfaro ASSISTANT MANAGER OF MANAGEMENT CONTROL: Cristián Cartes Muñoz DEVELOPMENT ANALYST:: Juan Pablo Portius Aravena DEVELOPMENT ANALYST: Fabián González Ceriche MANAGEMENT CONTROL ANALYST: Katherine Aravena Ramírez MANAGEMENT CONTROL ANALYST: Gustavo Salinas Lobos MAIN CONTRACTS WITH THE PARENT: The company currently holds a commercial current account with the Parent. ASSOCIATED COMPANY MEGASALUD S.A. REGISTERED NAME: Megasalud S.A. TAXPAYER ID: 96,942,400-2 LEGAL NATURE: Closed corporation PAID-IN CAPITAL: $53,792 million % TOTAL OWNERSHIP: 89.99% % OF INVESTMENT OF THE PARENT S NET ASSETS: 8.1% CORPORATE PURPOSE/ACTIVITIES: The purpose of the Company is the creation, development and/or administration of hospitals, clinics and health centers in general for granting medical and surgical facilities and the provision of advisory services, administration and management in relation to the development, organization and administration of these establishments. Besides exploitation, transfer of temporary use and enjoyment of all types of real estate with or without installation. BOARD CHAIRMAN: Juan Ignacio Silva Alcalde VICE-CHAIRMAN: Otto Kunz Sommer DIRECTORS Guido Sepúlveda Navarro Victor Manuel Jarpa Riveros ADMINISTRATION GENERAL MANAGER: Benjamín Cid Clavero MAIN CONTRACTS WITH THE PARENT: There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY CLÍNICA BICENTENARIO S.A. REGISTERED NAME: Clínica Bicentenario S.A. TAXPAYER ID: 96,885,930-7 LEGAL NATURE: Closed corporation PAID-IN CAPITAL: $16,608 million % TOTAL OWNERSHIP: 89.9% 94 / 95

% OF INVESTMENT OF THE PARENT S NET ASSETS: 0.07% CORPORATE PURPOSE/ACTIVITIES: The purpose of the Company is the creation, development and/or administration of hospitals, clinics and local health centers in general for the provision of medical and surgical facilities and the provision of advisory services, administration and management relating to the development, organization and administration of these establishments. BOARD CHAIRMAN: Lorenzo Constans Gorri VICE-CHAIRMAN: Víctor Manuel Jarpa Riveros ASSOCIATED COMPANY CLÍNICA IQUIQUE REGISTERED NAME: Clínica Iquique S.A. TAXPAYER ID: 76,181,326-9 LEGAL NATURE: Closed corporation PAID-IN CAPITAL: $ 3,097 million % TOTAL OWNERSHIP: 46.41% % OF INVESTMENT OF THE PARENT S NET ASSETS: 0.243% ADMINISTRATION GENERAL MANAGER: Manuel Rivera Sepúlveda MAIN CONTRACTS WITH THE PARENT: There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY CLÍNICA TABANCURA REGISTERED NAME: Servicios Médicos Tabancura S.A. TAXPAYER ID: 78,053,560-1 LEGAL NATURE: Closed corporation BOARD CHAIRMAN Kurt Reichhard Barends VICE-CHAIRMAN Raúl Gardilcic Rimasa DIRECTORS Jaime Muñoz Peragallo Teófilo De La Cerda Soto ADMINISTRATION GENERAL MANAGER Mario Cortés-Monroy Hache MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. DIRECTORS Andrés Sanfuentes Vergara Dr. Waldo Osorio Catalan Alfredo Oliva Narvaez (*) The chairman Mr. Lorenzo Constans Gorr is part of the parent s Board. ADMINISTRATION GENERAL MANAGER: Alfredo Oliva Narvae MAIN CONTRACTS WITH THE PARENT: There were no business relationships, or contracts held with the parent. CORPORATE PURPOSE/ACTIVITIES: The purpose of the Company is to create, manage, and operate any type of hospital establishments and any other additional or related activity. BOARD CHAIRMAN: Ricardo Silva Mena VICE-CHAIRMAN: Enrique Rusch Meissner DIRECTORS Edith Venturelli Lionelli Pablo Burchard Howard Benjamín Cid Clavero Yenny Poblete Vásquez PAID-IN CAPITAL: $8,180 % TOTAL OWNERSHIP: 89.98% % OF INVESTMENT OF THE PARENT S NET ASSETS: 2.24% CORPORATE PURPOSE/ACTIVITIES: Its object is to create, manage, and operate, on its own or through a third party, any kind of hospital establishment and any other additional or related activity. ASSOCIATED COMPANY CLÍNICA AVANSALUD REGISTERED NAME Clínica Avansalud S.A LEGAL NATURE Closed corporation PAID-IN CAPITAL $12,074 million % TOTAL OWNERSHIP 90.0% % INVESTMENT OF THE NET ASSETS OF THE PARENT 1.84% ANNUAL REPORT ILC 2013

CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the creation, development and/or administration of hospitals, clinics and health centers in general for granting medical and surgical facilities and the provision of counseling, administration and management services in relation to the development, organization and administration of these establishments. Besides the operation, concession of use and temporary enjoyment of all types of real estate with or without installation. BOARD CHAIRMAN Enrique Loeser Bravo VICE-CHAIRMAN Miguel Luis Lagos Droguett DIRECTORS Roberto Fernando Carreño Barrera Pedro Pablo Pizarro Valenzuela ADMINISTRATION GENERAL MANAGER Edith Venturelli Leonelli MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INMOBILIARIA CLÍNICA S.A. REGISTERED NAME Inmobiliaria Clínica S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $9,566 million % TOTAL OWNERSHIP 89.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 1.29% CORPORATE PURPOSE/ACTIVITIES Its object is to acquire and dispose of the ownerships of all types of real estate and rights held therein; build within them and operate them in any way, on its own account or through a third party, and invest in all types of tangible and intangible property. BOARD CHAIRMAN Alberto Etchegaray Aubry VICE-CHAIRMAN Kurt Reichhard Barends DIRECTORS Juan Ignacio Silva Alcalde Jaime Muñoz Peragallo (*) The president Mr. Alberto Etchegaray Aubry forms part of the Board of the parent. ADMINISTRATION GENERAL MANAGER Mario Cortés-Monroy Hache MAIN CONTRACTS WITH THE PARENT The Company holds a land lease contract with the parent ASSOCIATED COMPANY RED ONCOSALUD REGISTERED NAME Oncored S.p.A. TAXPAYER ID 76,181,326-9 LEGAL NATURE Sociedad por Acciones PAID-IN CAPITAL $100 million % TOTAL OWNERSHIP 90.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.03% CORPORATE PURPOSE/ACTIVITIES The object of the Company is to grant and finance, on its own behalf, as a partner or on behalf of a partner, all kinds of health benefits, medical services and procedures, diagnoses and treatment of diseases. CHAIRMAN Alberto Etchegaray Aubry VICE-CHAIRMAN Ricardo Silva Mena DIRECTORS Juan Ignacio Silva Alcalde (*) The Chairman, Mr. Alberto Etchegaray Aubry forms part of the parent s Board. ADMINISTRATION GENERAL MANAGER Nora G. Terry MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY GRUPO ATESA REGISTERED NAME Administradora de Transacciones Electronicas S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $829 million % TOTAL OWNERSHIP 45.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.08% CORPORATE PURPOSE/ACTIVITIES The purposes of the Company are investments, computer services for companies, consulting and technical assistance MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. 96 / 97

ASSOCIATED COMPANY TRANSACCIONES ELECTRÓNICAS REGISTERED NAME Transacciones Electrónicas S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $1,612 million % TOTAL OWNERSHIP 22.5% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.15% CORPORATE PURPOSE/ACTIVITIES The purposes of the Company are investments, computer services for companies, consulting and technical assistance BOARD CHAIRMAN Héctor Gómez Brain DIRECTORS Carlos Kubick Castro Mario Pavon Robinson Ricardo Silva Mena ADMINISTRATION Representante Legal Ulises Salazar Hidalgo MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY ADMINISTRADORA DE INVERSIÓN EN SALUD REGISTERED NAME Administradora de Inversión en Salud S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $259 million % TOTAL OWNERSHIP 45.43% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.03% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company shall be to provide, on its own, associated with third parties or on their behalf, all kinds of health benefits, services, inpatient and outpatient care and medical procedures, whether they may be advice, diagnosis or treatment of diseases; operate and manage, in any form, any kind of property; provide services of any kind for the operation of local hospitals, clinics, outpatient clinics, medical centers and health services in general; and invest in all types of rights in companies, associations, shares, securities, debt securities, negotiable instruments and, in general, all kinds of intangible and tangible assets, including all types of real estate and rights created in them. BOARD CHAIRMAN Sonia Ramos Moreno DIRECTORS Manfred Olbertz Kahl Benjamín Cid Clavero Omar Jatip Aguilera Eduardo Nieme Bujalil ADMINISTRATION ADMINISTRATIVE DIRECTOR Jorge Ortega Gamboa MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY PROYECTO DE INVERSIÓN EN SALUD REGISTERED NAME Proyecto de Inversión en Salud S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $458 million % TOTAL OWNERSHIP 89.08% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.082% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is to invest in all kinds of rights in companies, associations, shares, securities, debt instruments, negotiable instruments, and in general, all the tangible and intangible property, including all kinds of real estate and rights set up in them. BOARD CHAIRMAN Benjamín Cid Clavero DIRECTORS Agustín Romero Leiva Ulises Salazar Hidalgo ADMINISTRATION Representante Legal Ulises Salazar Hidalgo MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSIONES EN SALUD MILLANCURA REGISTERED NAME Inversiones en Salud Millacura S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $142 million % TOTAL OWNERSHIP 45.43% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.013% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company shall be to provide on its own, as a partner or on behalf of a partner, ANNUAL REPORT ILC 2013

all kinds of health benefits, services, inpatient and outpatient care and medical procedures, whether it be advice, diagnosis or treatment of disease; operate and manage, in any form, any kind of property; provide services to any kind for the operation of hospitals, clinics, outpatient clinics, medical centers and health services in general; and invest in any kind of rights in companies, associations, shares, securities, debt securities, negotiable instruments and, in general, all kinds of intangible and tangible assets, including all types of real estate and rights set up in them. BOARD CHAIRMAN Juan Luis Santelices Tello DIRECTORS Heber Rickenberg Torrejón Bernardo Hargous Maudier Claudia Collins Pavón Gonzalo Rivera Moreno ADMINISTRATION ADMINISTRATIVE DIRECTOR Sergio Gonzalez Tolosa MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INMOBILIARIA MEGASALUD REGISTERED NAME Inmobiliaria Megasalud S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $45,287 million % TOTAL OWNERSHIP 89.98% % OF INVESTMENT OF THE PARENT S NET ASSETS 6.67% CORPORATE PURPOSE/ACTIVITIES The purpose of the company will be: a) To carry out all kinds of real estate business, especially the acquisition, possession, operation, transfer of rights and temporary enjoyment of all kinds of property, tangible or intangible, with or without facilities; being able to buy, sell, encumber, lease, manage and operate, in any capacity, all types of real estate, particularly rural and urban land, housing complexes, apartments and offices; and in general, the performance of any other act or signing of any other contract related to real estate in general; b) The completion of leasing operations, which include the acquisition, sale and leasing with or without promise of sale, on its own account or another s, of all tangible property, whether movable or immovable, get funding, enter into any kind of real estate agreements, manage those properties and receive income; c) Real estate investments, for which it can buy all types of personal, tangible or intangible property; d) The performance of all related activities or ones leading to the above objectives or other businesses that have a direct relation to the company s line of business; and, in general, carry out, on its own behalf or another s, any business the partners may agree on. To fulfill this objective, the company may enter into and perform all acts and contracts and even form partnerships or enter in them. BOARD CHAIRMAN Juan Ignacio Silva Alcalde VICE-CHAIRMAN Otto Kunz Sommer DIRECTORS Victor Manuel Jarpa Rivero Guido Sepúlveda Navarro. ADMINISTRATION GENERAL MANAGER Benjamín Cid Clavero MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSIONES EN SALUD ARICA REGISTERED NAME Inversiones en Salud Arica S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $72 million % TOTAL OWNERSHIP 45.3% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.006% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is to provide, on its own, associated with third parties or on their behalf, all services and outpatient medical care, whether treatments or consultation; and invest in any kind of rights of corporations, partnerships, shares, securities, debt securities, negotiable instruments and any type of tangible and intangible property in general, including all types of real estate and rights set up in them. BOARD CHAIRMAN Ulises Salazar Hidalgo DIRECTORS Juan Luis Santelices Tello Agustín Romero Leiva Rodrigo Vargas Saavedra José Largacha Nuques ADMINISTRATION ADMINISTRATIVE DIRECTOR Nicolás Ron Vargas MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY ARAUCO SALUD REGISTERED NAME Arauco Salud Limitada LEGAL NATURE Limited liability Company 98 / 99

PAID-IN CAPITAL $1.1 million % TOTAL OWNERSHIP 89.08% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.11% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is to grant on its own behalf, associated with third parties or on their behalf, all kinds of health benefits, medical and dental services and procedures for diagnosis and treatment of diseases and obtain property income by selling, leasing, subletting, concession, usufruct or otherwise transfer the use of real estate, personal or other, and its exploitation in any form. BOARD By statute, Megasalud S.A. has the representation, acting through any of its representatives. ADMINISTRATION MANAGER Eduardo Llano Vizcaya MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY DIAGNOLAB S.A. REGISTERED NAME Diagnolab Sociedad Anónima LEGAL NATURE Closed corporation PAID-IN CAPITAL $20 million % TOTAL OWNERSHIP 45.43% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.0056% CORPORATE PURPOSE/ACTIVITIES The purpose of the company is to provide the highest quality and service in state-of-the-art technology and consumables for the various areas of diagnosis, clinical laboratory, medical - inpatient. It also offers new technology in equipment for different laboratory areas such as Clinical Chemistry, Hematology, Immunology, Electrolytes, Arterial Gases, etc. at highly competitive prices. BOARD CHAIRMAN Ulises Salazar Hidalgo DIRECTORS Benjamín Cid Clavero Jorge Aldunate Ortega Alejandro Salazar Rost Hugo Salazar Lagos ADMINISTRATION GENERAL MANAGER Hugo Salazar Lagos MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY ONCO COMERCIAL S.P.A. REGISTERED NAME Onco comercial S.p.A. LEGAL NATURE Stock Corporation PAID-IN CAPITAL $10 million % TOTAL OWNERSHIP 89.99% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.02% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is to provide and finance, on its own behalf, associated with third parties or on their behalf, all kinds of health benefits, medical services and diagnostic procedures and treatment of diseases; and produce, acquire, sell, distribute, import, export and commercialize, in any way, all kinds of drugs and products related to the health field, especially those related to oncology treatments. BOARD CHAIRMAN Alberto Etechegaray Aubry VICE-CHAIRMAN Ricardo Silva Mena DIRECTOR Juan Ignacio Silva (*) The Chairman Mr. Alberto Etechegaray Aubry forms part of the Parent s Board. ADMINISTRATION MANAGER Nora Terry MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY REMASA REGISTERED NAME Resonancia Magnética Clínica Avansalud S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $340.3 million % TOTAL OWNERSHIP 45.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.03% CORPORATE PURPOSE/ACTIVITIES The purpose of the company is the provision of all types of services, counseling and reports, related to the diagnosis and medical treatment in the imaging area in any of its forms. ANNUAL REPORT ILC 2013

BOARD CHAIRMAN Edith Venturelli Leonelli DIRECTOR Fernando Durán Hurtado Enrique Bosch Ostale Maritza Suarez Muñoz Alejandro Abarca Muñoz ADMINISTRATION GENERAL MANAGER Michelle Etchegaray González MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY LABORATORIO DE NEUROFISIOLOGIA DIGITAL Y ESTUDIO DEL SUEÑO S.A. REGISTERED NAME Laboratorio de Neurofisiologia Digital y Estudio del Sueño S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $19.3 million % TOTAL OWNERSHIP 45.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.003% CORPORATE PURPOSE/ACTIVITIES The provision of all types of services related to diagnosis and medical treatment in the area of clinical neurophysiology and sleep pathologies. BOARD José Luis Castillo Carrasco Pedro Menéndez González Edith Venturelli Leonelli ADMINISTRATION GENERAL MANAGER Edith Venturelli Leonelli MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SERVICIOS MÉDICOS BICENTENARIO S.P.A. REGISTERED NAME Servicios Médicos Bicentenario S.p.A. LEGAL NATURE Limited Partnership PAID-IN CAPITAL $10 million % TOTAL OWNERSHIP 89.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.29% CORPORATE PURPOSE/ACTIVITIES The Corporate Purpose is to provide outpatient medical services. BOARD CHAIRMAN Lorenzo Constans Gorri VICE-CHAIRMAN Víctor Manuel Jarpa Riveros DIRECTOR Andrés Sanfuentes Vergara (*) The Chairman Mr. Lorenzo Constans Gorri forms part of the parent s Board. ADMINISTRATION GENERAL MANAGER Alfredo Oliva Narváez MEDICAL DIRECTOR Dr. Waldo Osorio Catalán MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY CENTRO DIAGNÓSTICO CLÍNICA TABANCURA S.A. REGISTERED NAME Centro Diagnostico Clínica Tabancura S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $382.2 million % TOTAL OWNERSHIP 89.1% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.14% CORPORATE PURPOSE/ACTIVITIES The Corporate Purpose is to provide, on its own behalf, associated with third parties or on their behalf, all types of outpatient health benefits, services and medical procedures of diagnosis and disease treatment. BOARD CHAIRMAN Kurt Reichhard Barends DIRECTOR Raúl Gardilcic Rimasa Jaime Muñoz Peragallo Teófilo De La Cerda Soto ADMINISTRATION GENERAL MANAGER Mario Cortés-Monroy Hache MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. 100 / 101

ASSOCIATED COMPANY ADMINISTRADORA DE CLÍNICAS REGIONALES DOS S.A. REGISTERED NAME Administradora de Clínicas Regionales Dos S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $45.6 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 45.0% 36.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 3.86% CORPORATE PURPOSE/ACTIVITIES Its main activity is to invest in facilities and medical infrastructure and delivery of all types of services to institutions aimed at the operation of hospitals, clinics, polyclinics, medical centers and health services in general. BOARD CHAIRMAN Ricardo Silva Mena DIRECTORS Mario Bravo Mina Enrique Rusch Meissner Juan Pablo Undurraga Costa ADMINISTRATION GERENTE Gabriel Burgos Salas MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSALUD LA PORTADA DE ANTOFAGASTA S.A. REGISTERED NAME Inversalud La Portada de Antofagasta S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $2,953 million % TOTAL OWNERSHIP 12-31--2013: 12-31-2012: 28.2% 18.2% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.11% CORPORATE PURPOSE/ACTIVITIES Its main activity is the acquisition, disposition, commercialization, leasing, subletting and investments in all kinds of tangible and intangible property, in the city of Antofagasta and in any other city of the Second Region. BOARD CHAIRMAN Enrique Rusch Meissner DIRECTORS Mario Bravo Mina Gabriel Burgos Salas Randolph Gent Dufflocq Roberto Peralta Rivera Ulises Salazar Hidalgo Ricardo Silva Mena ADMINISTRATION MANAGER Rafael Castillo Castillo MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INMOBILIARIA E INVERSIONES ATACAMA S.P.A. REGISTERED NAME Inmobiliaria e Inversiones Atacama S.p.A. LEGAL NATURE Sociedad por acciones PAID-IN CAPITAL $3,075 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 23.0% 0.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.06% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is performing, on its own behalf or another s or associated to third parties, the acquisition, disposition, commercialization, lease, sublease and other forms of operation, parceling, subdivision, construction and development of real estate; investment in all types of tangible and intangible property, including rights in companies, shares, securities, debt instruments and negotiable instruments; the implementation in all types of investment in moveable property and real estate; and the sale of services and / or health-related goods. BOARD CHAIRMAN Mario Bravo Mina VICE-CHAIRMAN Jaime Peirano Arancibia DIRECTORS Guillermo Borchert Poblete Dr. Victoria Fabré Muñoz Roberto Ortiz Magna ADMINISTRATION MANAGER Luis Gutiérrez MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ANNUAL REPORT ILC 2013

ASSOCIATED COMPANY INVERSALUD CENTRO MÉDICO ATACAMA S.A. REGISTERED NAME Inversalud Centro Médico Atacama S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $1,288 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 22.2% 0.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.03% CORPORATE PURPOSE/ACTIVITIES Its main purpose is to provide, on its own account or another s, all kinds services of diagnostic imaging or by any other means, using its own equipment for that purpose or equipment provided by third parties, that currently takes place in the city of Copiapo. BOARD CHAIRMAN Guillermo Borchert Poblete VICE-CHAIRMAN Roberto Ortiz Magna DIRECTORS Mario Bravo Mina Pablo Cupello Segura Dr. Victoria Fabré Muñoz ADMINISTRATION MANAGER Luis Gutiérrez MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSALUD DEL ELQUI S.P.A. REGISTERED NAME Inversalud del Elqui S.p.A. LEGAL NATURE Joint stock company PAID-IN CAPITAL $2,273 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 32.8% 35.2% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.15% CORPORATE PURPOSE/ACTIVITIES Its main purpose is the acquisition, sale, lease or sublease of real estate, investment in all types of tangible and intangible assets, the implementation of all kinds of investments in real estate, the provision of advisory services, consulting, technical assistance and training in the health sector and the sale of services or indirect services related to the health of individuals La Serena city. BOARD CHAIRMAN Enrique Rusch Meissner DIRECTORS Mario Bravo Mina Gabriel Burgos Salas Omar Jatip Aguilera Edward Rabah Heresi Ulises Salazar Hidalgo Juan Pablo Undurraga Costa ADMINISTRATION MANAGER Nilo Lucero Arancibia MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSALUD VALPARAÍSO S.P.A. REGISTERED NAME Inversalud Valparaíso S.p.A. LEGAL NATURE Joint stock company PAID-IN CAPITAL $6,478 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 44.2% 35.3% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.34% CORPORATE PURPOSE/ACTIVITIES Its main activity is the provision of health services in its own facilities or of a third party, as well as the execution of all other activities, operations, acts and contracts, and supplemental services or directly/indirectly related to the purpose, agreed by the Shareholders. BOARD CHAIRMAN Enrique Rusch Meissner VICE-CHAIRMAN Mario Bravo Mina DIRECTORS Dr. Victoria Fabré Muñoz Jorge Ávila Pérez Juan Pablo Undurraga Costa ADMINISTRATION MANAGER Eduardo Hoyos Lombardi MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. 102 / 103

ASSOCIATED COMPANY INMOBILIARIA E INVERSIONES CLÍNICAS RANCAGUA S.A. REGISTERED NAME Inmobiliaria e Inversiones Clínicas Rancagua S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $6,307 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 28.2% 22.5% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.26% CORPORATE PURPOSE/ACTIVITIES Its purpose is implementing on its own, in a partnership with third parties on behalf of third parties: Leasing, acquisition, disposition, sale, or other form of operation, parceling, subdivision, construction and development of real estate, also investing in all sorts of tangible and intangible property, including rights in companies, stocks, real estate securities and negotiable instruments, training and participation in companies. BOARD CHAIRMAN Nora G. Terry DIRECTORS Gabriel Burgos Salas Andrés Herrero Bofill Damaris Lozano Rovelo Gabriel Poblete Klein Juan Pablo Poblete Klein Ricardo Silva Mena ADMINISTRATION MANAGER Jorge Plaza de Los Reyes Ulloa MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INMOBILIARIA E INVERSIONES CURICÓ S.P.A. REGISTERED NAME Inmobiliaria e Inversiones Curicó S.p.A. LEGAL NATURE Sociedad por acciones PAID-IN CAPITAL $3,439 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 43.5% 34.8% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.01% CORPORATE PURPOSE/ACTIVITIES Its purpose is the acquisition, disposition, commercialization, leasing, subleasing or other forms of operation, parceling, subdivision, construction and urbanization of real estate; investment in all kinds of tangible and intangible assets, including rights in companies, stockholders, transferable securities, negotiable instruments, and commercial paper. BOARD CHAIRMAN Ricardo Silva Mena VICE-CHAIRMAN Mario Bravo Mina DIRECTORS Hernán Grez Errázuriz Damaris Lozano Rovelo Manuel Prieto Castillo ADMINISTRATION MANAGER Jorge Echeñique Mora MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INMOBILIARIA E INVERSIONES LIRCAY S.P.A. REGISTERED NAME Inmobiliaria e Inversiones Lircay S.p.A. LEGAL NATURE Joint stock company PAID-IN CAPITAL $5,879 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 42.4% 33.4% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.32% CORPORATE PURPOSE/ACTIVITIES Its purpose is the acquisition, disposition, commercialization, lease, sublease or other form of operation, parceling, subdivision, construction and development of real estate; investments in all types of tangible and intangible property, including rights in companies, shareholders, securities, debt securities and commercial paper. BOARD CHAIRMAN Ricardo Silva Mena DIRECTORS Gabriel Burgos Salas Dr. Victoria Fabré Muñoz Andrés Herrero Bofill Damaris Lozano Rovelo ADMINISTRATION MANAGER Marcelo Valdivia Quevedo MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ANNUAL REPORT ILC 2013

ASSOCIATED COMPANY INMOBILIARIA E INVERSIONES CLÍNICAS DEL SUR S.P.A. REGISTERED NAME Inmobiliaria e Inversiones Clínicas del Sur S.p.A. LEGAL NATURE Sociedad por acciones PAID-IN CAPITAL $4,088 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 44.3% 29.5% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.24% CORPORATE PURPOSE/ACTIVITIES The Company aims at the acquisition, disposal, commercialization, leasing and subleasing of real estate, incorporating and participating in societies, communities and partnerships and investments in tangible and intangible property, including rights in companies and stocks. The Company began operations in July 2009. BOARD CHAIRMAN Mario Bravo Mina DIRECTORS Dr. Victoria Fabré Muñoz Enrique Rusch Meissner Edgardo Sanzana Salamanca Mario Seguel Santana ADMINISTRATION MANAGER Ricardo Brain Trucco MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSALUD TEMUCO S.A. REGISTERED NAME Inversalud Temuco S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $5,184 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 31.9% 24.8% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.24% CORPORATE PURPOSE/ACTIVITIES The purpose of the Parent Company is executing on its own, in a partnership with third parties or on behalf of the latter, the: acquisition, disposal, commercialization, lease, sublease or other forms of operation of real estate in the city of Temuco and any other of the Ninth Region, in the country or abroad. BOARD CHAIRMAN Mario Cortés-Monroy Hache DIRECTORS Mario Bravo Mina Gabriel Burgos Salas Cristian Cortés Poo Damaris Lozano Rovelo Ricardo Silva Mena Patricio Soto Caramori ADMINISTRATION MANAGER Fernando Sánchez Peralta MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSALUD PUERTO MONTT S.P.A. REGISTERED NAME Inversalud Puerto Montt S.p.A. LEGAL NATURE Joint stock company PAID-IN CAPITAL $5,461 million % TOTAL OWNERSHIP 12-31-2013: 12-31-2012: 42.0% 34.8% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.38% CORPORATE PURPOSE/ACTIVITIES The Company s corporate purpose is the executing on its own, in a partnership with third parties or on behalf of the latter, the acquisition, disposal, commercialization, lease or other form of operation, subdivision, subdivision, construction and development of real estate; investment in all kinds of tangible and intangible assets; incorporating and participating in societies, communities and associations, whatever their nature or line of business; the execution of all types of investments in moveable property and real estate; the provision of advisory and consulting services, technical assistance and training in the fields of health, Administration and management of human resources and the sale of services and/or goods that relate directly or indirectly to the health of individuals. BOARD CHAIRMAN Mario Bravo Mina DIRECTORS Dr. Victoria Fabré Muñoz Marcelo Lausen Meyer Damaris Lozano Rovelo Ricardo Silva Mena ADMINISTRATION MANAGER Luis Barrientos García 104 / 105

MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY INVERSALUD MAGALLANES S.A. REGISTERED NAME Inversalud Magallanes S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $1,733 million % TOTAL OWNERSHIP 31-12-2013: 31-12-2012: 30.7% 0.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.22% CORPORATE PURPOSE/ACTIVITIES Inversalud Magellanes S.A. aims to lease real and personal property, through a property of physical infrastructure located in Punta Arenas on Avenida Bulnes No. 01448. Inversalud Magellanes S.A. owns 100% of the affiliated Clínica Magallanes S.p.A and Centro de Diagnóstico Clínica Magallanes S.p.A. BOARD CHAIRMAN Mario Bravo Mina DIRECTORS Dr. Jorge Cárcamo Dájer Dr. Enrique Contreras Valcarce Dr. Victoria Fabré Muñoz Enrique Rusch Meissner Dr. Gian Mario Passano Rollero Juan Pablo Undurraga Costa ADMINISTRATION GENERAL MANAGER Eduardo Serradilla Guerrero MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY DESARROLLOS EDUCACIONALES S.A. REGISTERED NAME Desarrollos Educacionales S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $10,942 million % TOTAL OWNERSHIP 49.0% % OF INVESTMENT OF THE PARENT S NET ASSETS 1.029% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation, either directly or through subsidiary companies or in association with non-educational establishments in the levels of preschool, primary and secondary education, and the development of buildings and infrastructure requirements necessary for schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT Leasing contract of the offices located in Marchant Pereira 10, Providencia. ASSOCIATED COMPANY SERVICIOS EDUCACIONALES REGISTERED NAME Servicios Educacionales S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $1.3 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS -0.001% CORPORATE PURPOSE/ACTIVITIES The purpose of this company is the acquisition, sale, import, export and sale of textbooks, notebooks, articles for education and, in general, all types of movable goods. Furthermore, the development, creation, design, editing, printing, production and manufacturing of all types of personal property, goods of any kind for education, on its own behalf or another s. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ANNUAL REPORT ILC 2013

EMPRESA ASOCIADA INMOBILIARIA TIERRA FÉRTIL REGISTERED NAME Inmobiliaria Tierra Fértil S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $463.8 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.09% CORPORATE PURPOSE/ACTIVITIES To develop real estate activities, being able to acquire, sell, lease and generally operate in any way, on its own behalf or another s, all kinds of furnished or unfurnished real estate. To build, on its own behalf or another s, in any form, all kinds of buildings. To perform all kinds of financial transactions related to real estate and carry out, administer and dispose of all kinds of movable and real estate investments. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY GESTIÓN EDUCATIVA REGISTERED NAME Gestión Educativa S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $637.3 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.04% CORPORATE PURPOSE/ACTIVITIES The purpose of this Company is the planning, organization, development and operation, either directly or through subsidiaries or in partnership with third parties, of educational institutions in the levels of pre-school education, primary and secondary level, including the execution of construction works and provision of necessary infrastructure for the establishments that are created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SOCIEDAD EDUCACIONAL PEÑALOLEN S.A. REGISTERED NAME Sociedad Educacional Peñalolen S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $983.6 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.42% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation, either directly or through subsidiary companies or in association with non-educational establishments in the levels of preschool, primary and secondary education, and development of buildings and infrastructure requirements necessary for schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SOCIEDAD EDUCACIONAL HUECHURABA S.A. REGISTERED NAME Sociedad Educacional Huechuraba S.A. LEGAL NATURE Closed corporation 106 / 107

PAID-IN CAPITAL $1,050 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.3% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation, either directly or through subsidiary companies or in association with non-educational establishments in the levels of preschool, primary and secondary education, and development of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. EMPRESA ASOCIADA SOCIEDAD EDUCACIONAL CURAUMA S.A REGISTERED NAME Sociedad Educacional Curauma S.A LEGAL NATURE Closed corporation PAID-IN CAPITAL $11.2 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS -0.03% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SOCIEDAD EDUCACIONAL TEMUCO S.A. REGISTERED NAME Sociedad Educacional Temuco S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $580.2 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.1% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. EMPRESA ASOCIADA SOCIEDAD EDUCACIONAL PUERTO MONTT S.A. REGISTERED NAME Sociedad Educacional Puerto Montt S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $500.7 million ANNUAL REPORT ILC 2013

% TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.0004% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SOCIEDAD EDUCACIONAL CIUDAD DEL ESTE S.A. REGISTERED NAME Sociedad Educacional Ciudad del Este S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $566,5 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS -0.11% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SOCIEDAD EDUCACIONAL VALLE LO CAMPINO S.A. REGISTERED NAME Sociedad Educacional Valle Lo Campino S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $1,021.9 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.02% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SOCIEDAD EDUCACIONAL LO AGUIRRE S.A. REGISTERED NAME Sociedad Educacional Lo Aguirre S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL $12.4 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS -0.04% 108 / 109

CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. PAID-IN CAPITAL $11.2 million % TOTAL OWNERSHIP 48.9% % OF INVESTMENT OF THE PARENT S NET ASSETS -0.02% SUBSIDIARY COMPANY INVERSIONES MARCHANT PEREIRA LIMITADA REGISTERED NAME Inversiones Marchant Pereira Limitada LEGAL NATURE Limited liability Company Italo Marcelo Ozzano Cabezón Francisco Vial Bezanilla ADMINISTRATION GENERAL MANAGER Pablo González Figari (*) All members of the Board of the Company form part of the Parent s Board. The General Manager, Mr. Pablo González Figari forms part of the parent s administration. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. ASSOCIATED COMPANY SOCIEDAD EDUCACIONAL CHICUREO S.A. REGISTERED NAME Sociedad Educacional Chicureo S.A. LEGAL NATURE Closed corporation CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Félix Joaquín Díaz Grohnert VICE-CHAIRMAN Josep Caubet Juanals DIRECTORS Rodrigo Alarcón Jara Manel Barallat Gary Narunsky ADMINISTRATION GENERAL MANAGER Víctor Barahona Kunstmann MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. PAID-IN CAPITAL $1,635 million % TOTAL OWNERSHIP 99.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.2% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is to make equity investments in all types of property and receive income on them and perform other businesses and investments for mere revenue generation decided by the business administrator. BOARD CHAIRMAN Daniel Hurtado Parot VICE-CHAIRMAN Gastón Escala Aguirrre DIRECTORS Lorenzo Constans Gorri Paulo Bezanilla Saavedra Alberto Etchegaray Aubry Sergio Torretti Costa Juan Benavides Feliu MAIN CONTRACTS WITH THE PARENT Inversiones Marchant Pereira Ltda. holds a commercial account with the parent. SUBSIDIARY COMPANY SOCIEDAD EDUCACIONAL MACHALÍ S.A. REGISTERED NAME: Sociedad Educacional Machalí S.A. TAXPAYER ID: 76,081,583-7 LEGAL NATURE Closed corporation PAID-IN CAPITAL $1,637 million % TOTAL OWNERSHIP 99.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.2% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the planning, organization, creation and operation of primary and secondary schools, either directly or through ANNUAL REPORT ILC 2013

subsidiaries or companies in association with non-educational preschool establishments; and the construction of buildings and infrastructure requirements necessary for the schools to be created. BOARD CHAIRMAN Robinson Peña Gaete DIRECTORS Nicole Winkler Sotomayor Ignacio González Recabarren ADMINISTRATION AND PERSONNEL School Administrators: 3 Teaching Staff: 52 Administrative Personnel: 14 Educational Assistant: 1 ADMINISTRATION GENERAL MANAGER Pablo González Figari To date there is a management and educational administration contract of between Desarrollos Educacionales S.A. and Sociedad Educacional Machalí S.A. (*) The directors Messrs. Robinson Peña Gaete, Nicole Winkler Sotomayor and Ignacio González Recabarren and the General Manager Pablo González Figari form part of the parent s Administration. MAIN CONTRACTS WITH THE PARENT Sociedad Educacional Machalí S.A. holds a checking account with the parent. SUBSIDIARY COMPANY ICONSTRUYE S.A. REGISTERED NAME Iconstruye S.A TAXPAYER ID 96,941,720-0 LEGAL NATURE Closed corporation PAID-IN CAPITAL $1,805 million % TOTAL OWNERSHIP 32.9% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.11% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the creation, manufacturing, maintenance and marketing of Internet pages, sites and/or portals; their operation in any form and providing all kinds of services through them, the development of computer programs, distributing and representng engineering products relating to marketing and advertising management. It provides an electronic platform for buying and selling online for the construction industry that covers processes ranging from the identification of purchasing needs to the payment of suppliers. In addition, it can provide all kinds of services or financial advice and manage on its own account or another s all types of businesses, agencies, representations and licenses. BOARD CHAIRMAN Ramó Yavar Bascuñan DIRECTORS Germán Bartel Jeffrey Juan Eduardo Correa García Claudio Nitsche Meli Patricio José Mena Barros Edgar Bogolasky Sack Luis Felipe Hübner Guzmán ADMINISTRATION AND PERSONNEL MANAGERS AND EXECUTIVES: 7 PROFESSIONALS AND TECHNICIANS: 56 EMPLOYEES AND SALES STAFF: 57 ADMINISTRATION GENERAL MANAGER Nicolás Errázuriz Salinas ADMINISTRATION AND FINANCE MANAGER Ricardo Maino Swinburn REAL ESTATE BUSINESS MANAGER Nicolás Gumucio Schönthaler CONSTRUCTION DIVISION MANAGER Isabel Cristina Pinochet Ulloa FINANCIAL CYCLE DIVISION MANAGER Ivan Bassa Doizi IT MANAGER Héctor Silva Núñez PRODUCT MANAGER Mónica Jerez González MAIN CONTRACTS WITH THE PARENT Iconstruye S.A. holds and office leasing contract with the parent. ASSOCIATED COMPANY IC CORP PERÚ S.A. REGISTERED NAME IC Corp Perú S.A. LEGAL NATURE Closed corporation PAID-IN CAPITAL 263,507 Peruvian Nuevos Soles % TOTAL OWNERSHIP 32.8% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.001% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is to sell and lease real estate advertisement, sell data bases, trade activities related to the real estate sector, business consulting and marketing in general, without any class of limitation or restriction. BOARD CHAIRMAN Darío Barros Izquierdo 110 / 111

DIRECTORS Nicolás Errázuriz Salinas Nicolás Gumucio Schonthaler ADMINISTRATION GENERAL MANAGER Carlos Miguel Sologuren MAIN CONTRACTS WITH THE PARENT There were no business relationships, or contracts held with the parent. SUBSIDIARY COMPANY INVESCO INTERNACIONAL S.A. REGISTERED NAME Inversiones Internacionales la Construcción S.A. TAXPAYER ID 96,608,510-k LEGAL NATURE Closed corporation PAID-IN CAPITAL $922.04 million % TOTAL OWNERSHIP 61.6% % OF INVESTMENT OF THE PARENT S NET ASSETS 0.12% CORPORATE PURPOSE/ACTIVITIES Invesco International has conducted its activities mainly in South America and its businesses are oriented to the Pension and Health segments. Pension Segment: it includes the administration of Pension Funds, in addition to providing and managing the services and benefits established by law. Health Segment: provision of health benefits and services, either directly or through the financing thereof, and activities that are similar or complementary. BOARD CHAIRMAN Alberto Etchegaray Aubry VICE-CHAIRMAN Alfredo Schmidt Montes DIRECTOR José Molina Armas (*) The Chairman Mr. Alberto Etchegaray Aubry forms part of the parent s Board. ADMINISTRATION GENERAL MANAGER Ricardo Silva Mena MAIN CONTRACTS WITH THE PARENT The Company holds a management consultancy contract with the parent. SUBSIDIARY COMPANY INMOBILIARIA ILC S.P.A. REGISTERED NAME Inmobiliaria ILC S.p.A. TAXPAYER ID 76,296,621-2 LEGAL NATURE Joint stock company PAID-IN CAPITAL $50 million % TOTAL OWNERSHIP 100% % OF INVESTMENT OF THE PARENT S NET ASSETS -0.01% CORPORATE PURPOSE/ACTIVITIES The purpose of the Company is the acquisition, sale and exchange of property and rights set in them; operate them in any way, on its own account or another s; lease, loan and administrer real estate, furnished or not; operate parking lots; and performing all acts and contracts related to the activities mentioned above. Currently the company holds a promise of sale with Inmobiliaria Apoquindo Las Condes S.A., for 18 floors, parking lots and warehouses in the Chilean Chamber of Construction building, currently under construction. BOARD CHAIRMAN Daniel Hurtado Parot VICE-CHAIRMAN Gastón Escala Aguirre DIRECTOR Lorenzo Constans Gorri Paulo Bezanilla Saavedra Alberto Etchegaray Aubry Sergio Torretti Costa Juan Benavides Feliu Italo Marcelo Ozzano Cabezón Francisco Vial Bezanilla ADMINISTRATION GENERAL MANAGER Pablo González Figari (*) The directors of the company form part of the parent s Board. Pablo González Figari forms part of the parent s administration. MAIN CONTRACTS WITH THE PARENT The company holds a trading account with the parent. ANNUAL REPORT ILC 2013

112 / 113

CONSOLIDATED FINANCIAL 09STATEMENTS DECEMBER 31, 2013 AND 2012 INVERSIONES LA CONSTRUCCIÓN S.A. AND SUBSIDIARIES CONTENT Report of Independent Auditors Consolidated Statement of Financial Position Consolidated Comprehensive Income Statements Consolidated Statements of Changes in Equity Consolidated Cash Flow Statement Notes to the Consolidated Financial Statements Th$ ThUS$ UF : Amounts expressed in thousands of Chilean pesos : Amounts expressed in thousands of U.S. dollars : Amounts expressed in UF ANNUAL REPORT ILC 2013

114 / 115

REPORT OF INDEPENDENT AUDITORS MESSRS. SHAREHOLDERS AND DIRECTORS OF INVERSIONES LA CONSTRUCCIÓN S.A.: We have performed an audit of the accompanying consolidated financial statements of Inversiones La Construcción S.A. and affiliates, which comprise the balance sheet statements to December 31, 2013, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the year, and notes to the consolidated financial statements. ADMINISTRATION S RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS The Administration is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting standards and guidelines established by the Superintendence of Securities and Insurance, as described in note 3). This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and fair presentation of consolidated financial statements so that they are free from material misstatement, whether due to fraud or error. AUDITOR S RESPONSIBILITY Our responsibility is to express an opinion on these consolidated financial statements based our audit. We conducted our audit in accordance with the auditing standards generally accepted in Chile. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. An audit involves carrying out procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor s judgment, including the assessment of risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the preparation and fair presentation of the consolidated financial statements of the company in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control of the entity. Accordingly, we express no such opinion whatsoever. An audit includes the assessment of how appropriate the accounting policies used are and the reasonableness of significant accounting estimates made by the Administration, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. OPINION In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Inversiones La Construcción S.A. and affiliates at 31 December 2013, and the results of its operations and its cash flows for the year ended on that date, in accordance with accounting standards and guidelines established by the Superintendence of Securities and Insurance, as described in Note 3 a). Other matters: report of other auditors on the consolidated financial statements at 31 December 2012 and restatement of the consolidated financial statements at December 31, 2012. Before being restated, as indicated in the following paragraph, the consolidated statement of financial position of Inversiones La Construcción S.A and affiliates for the year ended 31 December 2012, and the corresponding comprehensive consolidated income statements, of changes in equity and cash flows for the year then ended were audited by other auditors whose report dated 25 March 2013, expressed an unqualified opinion on those audited financial statements. As explained in note 55 to the consolidated financial statements, the Company corrected the accounting method used to record the provision of minimum dividend and the criteria used for determining the cash equivalent. The correction of both accountable criteria implied restating the consolidated statement ANNUAL REPORT ILC 2013

116 / 117 of financial position at 31 December 2012, and the consolidated statements of changes in equity and cash flows for the year ended 31 December 2012, which are required for comparative purposes in accordance with accounting standards and guidelines established by the Superintendence of Securities and Insurance. We were not hired to audit, review or apply any procedures on the consolidated financial statements for the year 2012 of Inversiones La Construcción S.A. or affiliates, aside from the presentation adjustments mentioned above and, accordingly, do not express an opinion or any other assurance on the consolidated financial statements for the year 2012 as a whole. As part of our audit of the consolidated financial statements at 31 December 2013, we also audited the adjustments described in Note 55 that were applied to restate the consolidated financial statements of 2012. In our opinion, such adjustments are appropriate and have been correctly applied. We were not contracted to audit, review or apply any procedures on the consolidated financial statements for the year 2012 of Inversiones La Construcción S.A. and affiliates outside the above adjustments, therefore, we do not express an opinion or any other assurance on the consolidated financial statements for the year 2012 as a whole. OTHER ISSUES: ACQUISITION OF SUBSIDIARY CORP GROUP VIDA CHILE S.A. CHANGE IN FORMAT AND PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS. As explained in Note 3 e) to the consolidated financial statements, dated 18 November 2013, the Company acquired 67%, and consequently took control of Corp Group Vida Chile S.A. The acquisition and subsequent consolidation of Corp Group Vida Chile S.A. in Inversiones La Construcción S.A. was recorded at its book values in accordance to the Official Letter N 2385 of the Superintendence of Securities and Insurance. As a result of the aforementioned transaction, and as indicated in note 55 to the consolidated financial statements, in 2013 the Company changed the format of the consolidated financial statements using the presentation defined by the Superintendence of Securities and Insurance for holding companies of insurance companies. Also, just for comparison purposes, the consolidated financial statements for 2012 have been restated according to the new format. In our opinion, such restatement is appropriate and correctly applied. JUAN FRANCISCO MARTINEZ A. ERNST & YOUNG LTDA. Santiago, 17 March, 2014

Inversiones la Construcción S.A. Consolidated Statements of Financial Position As of December 31st of 2013 and 2012 ASSETS FROM NON-INSURANCE BUSINESS 2013 2012 TH$ TH$ CURRENT ASSETS Cash and due from banks 125,781,629 85,421,157 Financial investments 25,376,191 89,517,177 Real estate investments and the like 12,303,662 11,844,890 Investments sole investment account 58,027,690 53,311,391 Financial Derivative instruments 3,074,411 725,747 Loans and accounts receivable from clients 2,137,993 1,983,759 Insured premium debtors 4,072,108 2,563,510 Reinsurance debtors 28,710 28,710 Total assets from insurance business 230,802,394 245,396,341 Fixed assets Other non-current financial assets 243,100,996 214,522,325 Other non-current non-financial assets 21,727,640 14,135,694 Non-current entitlement to be recovered 2,171,473 3,441,985 Accounts receivable from related parties, non-current - - Investments accounted for using equity method of accounting 35,792,947 19,740,638 Intangible assets other than goodwill 70,187,733 71,793,385 Goodwill 101,561,871 101,506,809 Property, plant and equipment 205,929,411 234,240,389 Investment Property 22,749,445 26,866,900 Deferred tax assets 31,003,354 29,775,661 Total non-current assets 734,224,870 716,023,786 Total assets from non-insurance business 965,027,264 961,420,127 ANNUAL REPORT ILC 2013

118 / 119 ASSETS FROM INSURANCE BUSINESS 2013 2012 TH$ TH$ Cash and due from banks 47,986,132 2,009,515 Financial investments 3,511,477,263 88,840,360 Real estate investments and the like 523,157,018 - Investments sole investment account 99,200,120 - Financial Derivative instruments - - Loans and accounts receivable from clients 15,358,384 - Insured premium debtors 8,389,380 1,733,240 Reinsurance debtors 41,509,155 160,825 Investment in companies - - Intangibles 23,610,266 - Fixed assets 1,425,932 276,142 Current tax 6,807,431 - Deferred taxes 23,112,608 545,264 Other assets 31,616,478 617,364 Total assets from insurance business 4,333,650,167 94,182,710 TOTAL ASSETS 5,298,677,431 1,055,602,837

Inversiones la Construcción S.A. Estados de Situación Financiera Consolidados al 31 de diciembre de 2013 y 2012 LIABILITIES NON-INSURANCE BUSINESS 2013 2012 TH$ TH$ CURRENT LIABILITIES Other current liabilities 42,796,787 28,360,743 Trade accounts payable and other payables 84,015,658 80,459,279 Accounts payable to related parties, current 648,523 750,115 Other short term provisions 32,989,370 28,815,689 Current tax liabilities 124,884 384,506 Current provisions for employee benefits 12,289,851 11,955,558 Other current, non-financial liabilities 415,001 5,413,765 Total current liabilities 173,280,074 156,139,655 NON-CURRENT LIABILITIES Other non-current liabilities 353,751,623 186,821,344 Non-current liabilities - - Accounts payable to related parties, non-current - - Other long- term provisions 67,306 100,976 Deferred tax liabilities 64,030,803 63,374,392 Non-current provisions for benefits to employees 443,663 401,494 Total liabilities non insurance business 418,293,395 250,698,206 Liabilities insurance business 591,573,469 406,837,861 ANNUAL REPORT ILC 2013

120 / 121 LIABILITIES INSURANCE BUSINESS 2013 2012 TH$ TH$ Reserve pension insurance 3,775,089,889 61,273,121 Reserve non pension insurance 144,680,468 3,418,804 Premiums payable 578,116 230,813 Liabilities with banks 51,681,026 320,133 Other financial liabilities 923,991 - Current taxes 1,053,452 1,179,654 Deferred taxes - - Provisions 901,495 244,066 Other liabilities 14,298,826 913,482 Total liabilities insurance business 3,989,207,263 67,580,073 TOTAL LIABILITIES 4,580,780,732 474,417,934 EQUITY Issued capital 239,852,287 239,852,287 Retained earnings (losses) 49,550,225 19,808,804 Earnings (losses) for the year 84,404,721 83,031,193 Share premium 469,968 469,968 Other reserves 102,299,676 99,945,656 Total controlling equity 476,576,877 443,107,908 Non-controlling interests 241,319,822 138,076,995 TOTAL EQUITY 717,896,699 581,184,903 TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 5,298,677,431 1,055,602,837

Inversiones la Construcción S.A. Consolidated Comprehensive Income Statements As of December 31st, 2013 and 2012 CONSOLIDATED INCOME STATEMENT NON INSURANCE BUSINESS 2013 2012 TH$ TH$ Revenues from ordinary activities 645,993,221 579,748,818 Cost of sales (421,705,877) (364,691,680) Gross profit 224,287,344 215,057,138 Other Income 2,407,176 1,754,509 Administration Expense (134,327,040) (120,932,114) Other expenses by function (1,010,937) (325,278) Other earnings (losses) 3,237,091 1,198,629 Financial revenues 25,877,154 24,716,516 Financial costs (13,473,877) (11,965,704) Share of profit of associates and joint ventures accounted for using the equity method 3,295,417 4,416,043 Foreign currency exchange gain (loss) 389,229 (120,168) Gain (loss) from inflation indexed unit (2,687,359) (3,218,174) Earnings between book and fair value 21,857,362 - Profit before tax 129,851,560 110,581,397 Income tax expense (20,870,183) (25,727,948) Income from non-insurance business 108,981,377 84,853,449 ANNUAL REPORT ILC 2013

122 / 123 CONSOLIDATED INCOME STATEMENT INSURANCE ACTIVITIES 2013 2012 TH$ TH$ Revenues from interest and adjustments 38,151,296 3,275,996 Expenses from interest and adjustments 9,785,803 (51,620) Net revenues from interests and readjustments 47,937,099 3,224,376 Net retained premium 83,263,532 98,704,531 Change in reserve of ongoing risks and actuarial expectations (1,995,402) 454,386 Total operating income insurance company 81,268,130 99,158,917 Product of investments - - Cost of claims (102,868,505) (65,659,211) Cost of intermediation (4,224,390) (929,635) Cost of Administration (3,512,953) - Total operating costs of insurance activities (110,605,848) (66,588,846) Salaries and personnel expenses (5,156,571) (3,346,303) Administration expenses (2,351,533) (3,601,655) Depreciation and amortization (256,284) (73,316) Impairments (3,862,665) (412,016) Other operating expenses (7,127,992) (1,192,444) Income from investments in companies - - Gain (loss) from inflation indexed unit 1,310,667 370,591 Foreign currency exchange gain (loss) 55,142 76 Income before income taxes 1,210,145 27,539,380 Income tax expense 1,579,812 (5,450,035) Gain (loss) from insurance activities 2,789,957 22,089,345 Income (loss) from discontinued operations - - INCOME 111,771,334 106,942,794 Income attributable to owners of the parent 84,404,721 83,031,193 Income attributable to non-controlling interests 27,366,613 23,911,601 INCOME 111,771,334 106,942,794 Income per share 0.84 0.83 Basic income per share from continued operations 0.84 0.83

Inversiones la Construcción S.A. Consolidated Comprehensive Income Statements As of December 31st, 2013 and 2012 STATEMENTS OF COMPREHENSIVE INCOME 2013 2012 Income 111,771,334 106,942,794 TOTAL COMPREHENSIVE INCOME 111,771,334 106,942,794 TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO: Total comprehensive income attributable to owners of the parent 84,404,721 83,031,193 Total comprehensive income attributable to Non-controlling interests 27,366,613 23,911,601 TOTAL COMPREHENSIVE INCOME 111,771,334 106,942,794 TH$ TH$ ANNUAL REPORT ILC 2013

Inversiones la Construcción S.A. Consolidated Changes in Net Equity Statements As of December 31st, 2013 and 2012 124 / 125 STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL SHARE PREMIUMS OTHER RESERVES TOTAL OTHER RESERVES ACCUMULATED EARNINGS (LOSSES) EQUITY ATTRIBUTABLE TO OWNERS OF THE HOLDING COMPANY NON- CONTROLLING INTERESTS TOTAL EQUITY TH$ TH$ TH$ TH$ TH$ TH$ TH$ TH$ Opening balance at 01-01-2013 239,852,287 469,968 99,945,656 99,945,656 87,687,140 427,955,051 138,076,995 566,032,046 COMPREHENSIVE INCOME: Adjustments due to corrections - - - - 15,152,857 15,152,857-15,152,857 Restatement of Opening Balance 239,852,287 469,968 99,945,656 99,945,656 102,839,997 443,107,908 138,076,995 581,184,903 Distributed dividends - - - - (49,800,000) (49,800,000) (17,618,238) (67,418,238) Income of the period - - - - 84,404,721 84,404,721 27,366,613 111,771,334 Increase (decrease) due to interest changes in subsidiaries - - - - - - 40,135,654 40,135,654 Increase (decrease) due to transfers and others - - 2,354,020 2,354,020 (3,489,772) (1,135,752) 53,358,798 52,223,046 Total changes in equity - - 2,354,020 2,354,020 31,114,949 33,468,969 103,242,827 136,711,796 FINAL BALANCE AT 12-31-2013 239,852,287 469,968 102,299,676 102,299,676 133,954,946 476,576,877 241,319,822 717,896,699 STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL SHARE PREMIUMS OTHER RESERVES TOTAL OTHER RESERVES ACCUMULATED EARNINGS (LOSSES) EQUITY ATTRIBUTABLE TO OWNERS OF THE HOLDING COMPANY NON- CONTROLLING INTERESTS TOTAL EQUITY TH$ TH$ TH$ TH$ TH$ TH$ TH$ TH$ Opening balance at 01-01-2012 213,772,622 269,894 99,955,155 99,955,155 119,010,946 433,008,617 143,358,078 576,366,695 COMPREHENSIVE INCOME: Adjustments due to corrections - - - - - - - - Restatement of Opening Balance 213,772,622 269,894 99,955,155 99,955,155 119,010,946 433,008,617 143,358,078 576,366,695 Issuance of Equity 26,079,665 200,074 - - - 26,279,739-26,279,739 Distributed dividends - - - - (99,171,062) (99,171,062) (18,213,567) (117,384,629) Income of the period - - - - 83,031,193 83,031,193 23,911,601 106,942,794 Increase (decrease) due to interest changes in subsidiaries - - - - - - (10,251,866) (10,251,866) Increase (decrease) due to transfers and others - - (9,499) (9,499) (31,080) (40,579) (727,251) (767,830) Total changes in equity 26,079,665 200,074 (9,499) (9,499) (16,170,949) 10,099,291 (5,281,083) 4,818,208 FINAL BALANCE AT 12-31-2012 239,852,287 469,968 99,945,656 99,945,656 102,839,997 443,107,908 138,076,995 581,184,903

Inversiones la Construcción S.A. Consolidated Cash Flow Statements as of December 31st, 2013 and 2012 CASH FLOW STATEMENTS 2013 2012 TH$ TH$ CASH FLOW FROM OPERATING ACTIVITIES Non-insurance business Receipts from sales of goods and services 637,740,175 594,038,394 Cash receipts from royalties, fees, commissions and other revenue 40,360,175 31,771,260 Receipts from premiums and claims, annuities and other policy benefits 14,060 - Other receipts from operating activities 26,659,569 99,724,376 Payments to suppliers for the supply of goods and services (191,020,393) (162,591,858) Payments to and on behalf of employees (85,790,906) (86,926,740) Payments for premiums and claims, annuities and other policy benefits arising from policies (314,499,211) (266,520,768) Other payments for operating activities (2,792,829) (89,366,704) Dividends received 3,841,138 3,145,350 Interests paid (718,912) (570,340) Interests received 1,552,623 4,862,201 Income Tax Refund (paid) (25,207,739) (23,751,557) Other inflows (outflows) of cash 18,872,558 (15,621,719) Total net cash flow from non-insurance operating activity 109,010,308 88,191,895 Insurance business Income from insurance premium and coinsurance 81,179,295 127,046,293 Income from reinsured claims 2,361,156 - Commission income from direct reinsurance (108) - Income from financial assets at fair value 379,952,325 86,377,612 Income from financial assets at amortized cost 257,387,744 - Interest received 147,728 - Other income from insurance activities 1,312,568 111,805 Loans and collectibles 103,570 - Direct insurance payment expenditures (1,043,136) (11,179) Payment of income and claims (90,334,480) (100,598,163) Expenses for reinsurance commissions (4,965,931) - Expenses for financial assets at fair value (360,237,020) (63,866,507) Expenses for financial assets at amortized cost (213,566,556) - Other expenses from insurance activities (3,104,258) (1,657,467) Tax expenses (9,072,237) (9,595,808) Others 5,352,774 (7,446,984) Total net cash flow from insurance operating activities 45,473,434 30,359,602 TOTAL NET CASH FLOW FROM OPERATING ACTIVITIES 154,483,742 118,551,497 ANNUAL REPORT ILC 2013

126 / 127 CASH FLOW STATEMENTS 2013 2012 TH$ TH$ CASH FLOW FROM INVESTMENT ACTIVITIES Non-insurance activity Cash flows from losing control of subsidiaries or other businesses 4.186.000 - Cash flow used for control of subsidiaries or other businesses (87.890.445) (51.049) Cash flow used in the purchase of non-controlling interests (11.582.619) (4.046.595) Other income from the sale of equity or debt instruments of other entities 152.071.129 102.113.912 Other payments to acquire equity or debt instruments of other entities (109.467.862) (130.011.366) Other proceeds from the sale of interests in joint ventures 3.438.282 2.988.517 Loans to related entities (2.400.252) (23.981.308) Proceeds from sale of property, plant and equipment 190.452 2.215.590 Acquisition of property, plant and equipment (15.502.401) (24.207.852) Acquisition of intangible assets (2.511.802) (646.003) Acquisition of other long term assets (5.848.691) (8.507.280) Collections from repayment of advances and loans made to third parties 16.422 18.901 Payments from contracts of futures, forwards, options and swaps - - Collections from futures contracts, forwards, options and swaps - - Collections from related parties 1.952.661 25.488.593 Interest received 2.408.276 - Other cash inflows (outflows) 24.025.437 1.853.975 Total net cash flow from non-insurance investment activities (46.915.413) (56.771.965) Insurance activity Income from interest in entities of the group and subsidiaries - 69.432 Income from investment properties 3.262.801 - Income from plant and equipment - 5.357 Expenses from investment properties (15.918.631) - Expenses plant and equipment (78.291) (114.363) Expenses intangible assets (16.104) - Other income related to investment activities 402.760 - Total net cash flow from insurance investment activities (12.347.465) (39.574) TOTAL NET CASH FLOW FROM INVESTMENT ACTIVITIES (59.262.878) (56.811.539)

Inversiones la Construcción S.A. Consolidated Cash Flow Statements as of December 31st, 2013 and 2012 CASH FLOW STATEMENTS 2013 2012 TH$ TH$ CASH FLOW PRECEDING FROM (USED IN) FINANCING ACTIVITIES Non-insurance business Proceeds from stock emission - 26,287,154 Proceeds from the emission of other equity instruments - 44,467,112 Payments for buying or redeeming shares of the organization - (536,341) Payments for other equity interest - - Payments preceding from long term loans 107,173,142 7,495,873 Payments preceding from short term loans 10,679,598 3,647,898 Loans from related entities (2,086,816) - Payment of loans (20,621,868) (16,239,070) Payment of liabilities for financial leases (10,433,532) (2,459,845) Payment of loans from related entities (14,392,094) (612,432) Paid dividends (69,829,277) (108,172,063) Interests paid (9,415,200) (9,118,551) Other cash inflows (outflows) 415,485 (413,768) Total net cash flow preceding from non-insurance financing activities (8,510,562) (55,654,033) Insurance business Bank loans or related 9,766,482 - Other income related to financing activities 17,000,000 - Interests paid (20) (2,050) Other outflows related to financing activities (22,475,550) - Total net cash flow preceding from insurance financing activities 4,290,912 (2,050) TOTAL NET CASH FLOW FROM FINANCING ACTIVITIES (4,219,650) (55,656,083) Net increase (decrease) in cash and cash equivalents, before the effect of translation differences 91,001,214 6,083,875 Effects of the variation in the exchange rate on cash and cash equivalents (4,664,125) 7,063 Net increase (decrease) of cash and cash equivalents 86,337,089 6,090,938 Cash and cash equivalents at the beginning of the period 87,430,672 81,339,734 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 173,767,761 87,430,672 ANNUAL REPORT ILC 2013

128 / 129 SUMMARIZED FINANCIAL STATEMENTS OF SUBSIDIARIES (*) AT 31 DECEMBER, 2012 AND 2013 CONTENT AFP HABITAT S.A. CORP GROUP VIDA CHILE S.A. ISAPRE CONSALUD S.A. VIDA CAMARA S.A. RED SALUD S.A. ICONSTRUYE S.A. COLEGIO NAHUELCURA DE MACHALÍ S.A. DESARROLLOS EDUCACIONALES S.A. (**) INVESCO LTDA. INVERSIONES PREVISIONALES DOS S.A. INVERSIONES MARCHANT PEREIRA LTDA. INMOBILIARIA ILC SPA INVESCO INTERNACIONAL S.A. Th$ ThUS $ UF : Amounts expressed in thousands of Chilean pesos : Amounts expressed in thousands of U.S. dollars : Amounts expressed in UF (*) The full financial statements of listed companies are available to the public at the offices of the reporting entity and the Superintendence of Securities and Insurance. (**) Since June 2013 Desarrollos Educacionales no longer consolidates in the financial statements of ILC Inversiones.

AFP Habitat S.A. Figures in millions of pesos as of December 31st 2013 BALANCE 2013 2012 Total Current Assets 66,617 59,839 Total Non-Current Assets 241,790 219,180 Total Assets 308,407 279,020 Total Current Liabilities 27,722 26,193 Total Non-Current Liabilities 24,357 22,542 Total Equity 256,328 230,284 Total Liabilities and Equity 308,407 279,020 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 81,751 75,538 Non-operating income 16,224 19,842 Income before tax and others 97,975 95,380 Tax Income and Minority Interest (18,498) (20,790) Annual profit attributable to owners of the holding 79,476 74,590 CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities 58,908 48,832 Cash Flow from investment activities 30,177 (11,421) Cash flow from Financing activities (52,308) (51,601) Currency translation effect on Cash and Cash Flow Equivalents 63 5 Net Increase (Decrease) in Cash and Cash Equivalents 36,840 (14,185) STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) GAINS (LOSS) FOR THE YEAR OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 1,764 228,360-159 230,283 0 230,284 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - - Restatement of Initial balance 1,764 228,360-159 230,283 0 230,284 Gains (Losses) for the year 0 0 79,476-79,476 (3) 79,473 Dividends 0 (53,470) - - (53,470) - (53,470) Increase (decrease) from transferences and other capital contributions 0 0-34 34 7 41 Total changes in equity - (53,470) 79,476 34 26,040 4 26,044 FINAL BALANCE AT 12-31-2013 1,764 174,890 79,476 193 256,323 4 256,328 TOTAL EQUITY ANNUAL REPORT ILC 2013

Corp Group Vida Chile S.A. 130 / 131 Figures in millions of pesos as of December 31st 2013 BALANCE 2013 2012 Total Current Assets 4 - Total Non-Current Assets 71 - Total Insurance Activity Assets 4,256,101 - Total Assets 4,256,176 - Total Current Liabilities 24,561 - Total Non-Current Liabilities 97,974 - Total Insurance Activity Liabilities 3,928,130 - Total Equity 205,511 - Total Liabilities and Equity 4,256,176 - COMPREHENSIVE INCOME STATEMENT 2013 (*) 2012 Operating Income from Non-Insurance Business (31) - Non-Operating Income Non-Insurance Business (1,479) - Gains before tax (1,510) - Tax Income 7 - Earnings non-insurance business (1,503) - Operating income from Insurance Business 1,778 - Non-Operating Income from Insurance Business 1,321 - Income before tax and others 3,099 - Income tax 982 - Earnings from Insurance Business 4,081 - Minority interest (842) - Profit for the year attributable to owners of holding company 1,736 - (*) This result only includes the months of November and December 2013, during which the Company consolidates in ILC s financial statements CASH FLOW STATEMENTS 2013 (*) 2012 Cash flow from non-insurance operating activity 24,009 - Cash flow from insurance operating activities 28,831 - Cash flow from non-insurance investment activities - - Cash flow from insurance investment activities (12,253) - Cash flow preceding from non-insurance financing activities 21 - Net cash flow preceding from insurance financing activities 1,791 - Currency translation effect on Cash and Cash Flow Equivalents (4,785) - Net Increase (Decrease) in Cash and Cash Equivalents 37,615 - (*) This result only includes the months of November and December 2013, during which the Company consolidates in ILC s financial statements

Corp Group Vida Chile S.A. Figures in millions of pesos as of December 31st 2013 STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 179,823 7,413 (9,086) 178,150 41,873 220,023 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - Restatement of Initial balance 179,823 7,413 (9,086) 178,150 41,873 220,023 Issuance of Equity - - - - - - Gains (Losses) for the year - - (9,511) (9,511) (2,983) (12,494) Dividends - - - - - - Increase (decrease) from transferences and other capital contributions - (152) (3,112) (3,264) 1,246 (2,018) Total changes in equity - (152) (12,623) (12,775) (1,737) (14,512) FINAL BALANCE AT 12-31-2013 179,823 7,261 (21,709) 165,376 40,136 205,511 TOTAL EQUITY ANNUAL REPORT ILC 2013

Isapre Consalud S.A. Figures in millions of pesos as of December 31st 2013 132 / 133 BALANCE 2013 2012 Total Current Assets 33,577 36,680 Total Non-Current Assets 66,108 57,117 Total Assets 99,685 93,797 Total Current Liabilities 75,964 67,524 Total Non-Current Liabilities 10,244 10,513 Total Equity 13,476 15,760 Total Liabilities and Equity 99,685 93,797 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 7,070 11,957 Non-operating income 2,204 1,339 Income before tax and others 9,274 13,296 Tax Income and Minority Interest (1,274) (2,987) Annual profit attributable to owners of the holding 8,000 10,309 CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities 10,130 15,851 Cash Flow from investment activities (9,127) (6,560) Cash flow from Financing activities (9,108) (6,220) Currency translation effect on Cash and Cash Flow Equivalents - - Net Increase (Decrease) in Cash and Cash Equivalents (8.105) 3.072 STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) GAINS (LOSS) FOR THE YEAR OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 14,984 (40) - 816 15,760-15,760 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - - Restatement of Initial balance 14,984 (40) - 816 15,760-15,760 Issuance of Equity - - - - - - - Gains (Losses) for the year - - 8,000-8,000-8,000 Dividends - (10,284) - - (10,284) - (10,284) Increase (decrease) from transferences and other capital contributions - - - - - - - Total changes in equity - (10,284) 8,000 - (2,284) - (2,284) FINAL BALANCE AT 12-31-2013 14,984 (10,324) 8,000 816 13,476-13,476 TOTAL EQUITY

Compañía de Seguros Vida Cámara S.A. Figures in millions of pesos as of December 31st 2013 STATEMENT OF CHANGES IN EQUITY BALANCE 2013 2012 Total Current Assets - - Total Non-Current Assets - - Total Insurance Activity Assets 77,549 94,183 Total Assets 77,549 94,183 Total Current Liabilities - - Total Non-Current Liabilities - - Total Insurance Activity Liabilities 63,580 67,580 Total Equity 13,968 26,603 Total Liabilities and Equity 77,549 94,183 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income from Insurance Business (2,104) 27,169 Non-Operating Income from Insurance Business 45 371 Income before tax and others (2,058) 27,539 Income tax 598 (5,452) Profit for the year attributable to owners of holding company (1,461) 22,087 CASH FLOW STATEMENTS 2013 2012 Cash flow from insurance operating activities 16,642 30,360 Cash flow from insurance investment activities (94) (40) Cash flow preceding from non-insurance financing activities - (29,092) Net cash flow preceding from insurance financing activities (8,226) (2) Currency translation effect on Cash and Cash Flow Equivalents 44 - Net Increase (Decrease) in Cash and Cash Equivalents 8,365 1,226 ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) GAINS (LOSS) FOR THE YEAR OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST TOTAL EQUITY Opening Balance at 01-01-2013 10,689 (202) 16,089 27 26,603-26,603 COMPREHENSIVE INCOME Adjustments due to corrections - (449) - - (449) - - Restatement of Initial balance 10,689 (651) 16,089 27 26,154-26,154 Issuance of Equity - - - - - - - Gains (Losses) for the year - - (1,461) - (1,461) - (1,461) Dividends - (10,726) - - (10,726) - (10,726) Increase (decrease) from transferences and other capital contributions - 16,089 (16,089) - - 2 2 Total changes in equity - 5,363 (17,550) - (12,187) 2 (12,187) FINAL BALANCE AT 12-31-2013 10,689 4,712 (1,461) 27 13,967 2 13,968 ANNUAL REPORT ILC 2013

Empresas Red Salud S.A. Figures in millions of pesos as of December 31st 2013 134 / 135 BALANCE 2013 2012 Total Current Assets 67,980 77,300 Total Non-Current Assets 231,256 212,956 Total Assets 299,236 290,257 Total Current Liabilities 56,022 49,504 Total Non-Current Liabilities 126,234 126,889 Total Equity 116,979 113,864 Total Liabilities and Equity 299,236 290,257 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 13,205 9,185 Non-operating income (7,176) (5,864) Income before tax and others 6,029 3,320 Tax Income and Minority Interest (1,813) (696) Annual profit attributable to owners of the holding 4,216 2,625 CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities 22,747 15,777 Cash Flow from investment activities (20,152) (17,514) Cash flow from Financing activities (16,142) 22,944 Currency translation effect on Cash and Cash Flow Equivalents 0 2 Net Increase (Decrease) in Cash and Cash Equivalents (13,546) 21,209 STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) GAINS (LOSS) FOR THE YEAR OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 48,541 658-62,598 111,798 2,066 113,864 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - - Restatement of Initial balance 48,541 658-62,598 111,798 2,066 113,864 Issuance of Equity - - - - - - - Gains (Losses) for the year - - 4,216-4,216 554 4,770 Dividends - (1,265) - - (1,265) - (1,265) Increase (decrease) from transferences and other capital contributions - (6) - - (6) (383) (389) Total changes in equity - (1,271) 4,216-2,945 171 3,115 FINAL BALANCE AT 12-31-2013 48,541 (613) 4,216 62,598 114,743 2,236 116,979 TOTAL EQUITY

iconstruye S.A. Figures in millions of pesos as of December 31st 2013 BALANCE 2013 2012 Total Current Assets 2,244 1,771 Total Non-Current Assets 723 1,171 Total Assets 2,967 2,943 Total Current Liabilities 710 657 Total Non-Current Liabilities 65 - Total Equity 2,192 2,285 Total Liabilities and Equity 2,967 2,943 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 619 770 Non-operating income 24 51 Income before tax and others 644 820 Tax Income and Minority Interest (128) (175) Annual profit attributable to owners of the holding 516 645 CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities 744 953 Cash Flow from investment activities (278) (134) Cash flow from Financing activities (106) (1,430) Currency translation effect on Cash and Cash Flow Equivalents - - Net Increase (Decrease) in Cash and Cash Equivalents 360 (610) STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) GAINS (LOSS) FOR THE YEAR OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 1,805 519 - (38) 2,285-2,285 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - - Restatement of Initial balance 1,805 519 - (38) 2,285-2,285 Issuance of Equity - - - - - - - Gains (Losses) for the year - - 515-515 - 515 Dividends - (606) - - (606) - (606) Increase (decrease) from transferences and other capital contributions - (0) - (3) (4) - (4) Total changes in equity - (606) 515 (3) (95) - (95) FINAL BALANCE AT 12-31-2013 1,805 (87) 515 (42) 2,191-2,192 TOTAL EQUITY ANNUAL REPORT ILC 2013

Invesco Ltda. Figures in millions of pesos as of December 31st 2013 136 / 137 BALANCE 2013 2012 Total Current Assets 4,040 3,698 Total Non-Current Assets 107,769 107,763 Total Assets 111,809 111,461 Total Current Liabilities 51 18 Total Non-Current Liabilities - - Total Equity 111,758 111,443 Total Liabilities and Equity 111,809 111,461 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 14,573 14,683 Non-operating income (41) (34) Income before tax and others 14,532 14,649 Tax Income and Minority Interest (44) (13) Annual profit attributable to owners of the holding 14,488 14,636 CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities 14,121 13,842 Cash Flow from investment activities (6) (1) Cash flow from Financing activities (14,173) (13,900) Currency translation effect on Cash and Cash Flow Equivalents - - Net Increase (Decrease) in Cash and Cash Equivalents (58) (59) STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 97,015 17,027 (2,599) 111,443-111,443 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - Restatement of Initial balance 97,015 17,027 (2,599) 111,443-111,443 Gains (Losses) for the year - 14,488-14,488-14,488 Dividends - (14,173) - (14,173) - (14,173) Increase (decrease) from transferences and other capital contributions - - - - - - Total changes in equity - 315-315 - 315 FINAL BALANCE AT 12-31-2013 97,015 17,342 (2,599) 111,758-111,758 TOTAL EQUITY

Inversiones Marchant Pereira Ltda. Figures in millions of pesos as of December 31st 2013 BALANCE 2013 2012 Total Current Assets 302 - Total Non-Current Assets 4,508 - Total Assets 4,810 - Total Current Liabilities 365 - Total Non-Current Liabilities 3,251 - Total Equity 1,195 - Total Liabilities and Equity 4,810 - COMPREHENSIVE INCOME STATEMENT 2013 (*) 2012 Operating income 862 - Non-operating income (951) - Income before tax and others (90) - Tax Income and Minority Interest 20 - Annual profit attributable to owners of the holding (70) - (*)From April 25th 2013 to December 31st 2013 CASH FLOW STATEMENTS 2013 (*) 2012 Cash Flow from Operating activities 393 - Cash Flow from investment activities (1,055) - Cash flow from Financing activities 664 - Currency translation effect on Cash and Cash Flow Equivalents (6) - Net Increase (Decrease) in Cash and Cash Equivalents (4) - (*)From April 25th 2013 to December 31st 2013 STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 - - - - - - COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - Restatement of Initial balance - - - - - - Issuance of Equity 1,200 - - 1,200-1,200 Gains (Losses) for the year - (70) - (70) (0) (70) Dividends - - - - - - Increase (decrease) from transferences and other capital contributions 435 - (370) 65 0 65 Total changes in equity 1,635 (70) (370) 1,195 0 1,195 FINAL BALANCE AT 12-31-2013 1,635 (70) (370) 1,195 0 1,195 TOTAL EQUITY ANNUAL REPORT ILC 2013

Sociedad Educacional Machalí S.A. Figures in millions of pesos as of December 31st 2013 138 / 139 BALANCE 2013 2012 Total Current Assets 301 346 Total Non-Current Assets 4,508 4,165 Total Assets 4,808 4,511 Total Current Liabilities 361 1,344 Total Non-Current Liabilities 3,251 2,897 Total Equity 1,196 270 Total Liabilities and Equity 4,808 4,511 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 862 170 Non-operating income (953) (178) Income before tax and others (91) (8) Tax Income and Minority Interest 21 15 Annual profit attributable to owners of the holding (70) 7 CASH FLOW STATEMENTS 2013 2012 (*) Cash Flow from Operating activities 392 - Cash Flow from investment activities (414) - Cash flow from Financing activities 23 - Currency translation effect on Cash and Cash Flow Equivalents (6) - Net Increase (Decrease) in Cash and Cash Equivalents (6) - (*) During 2012, the income statement of the Company were consolidated with the Financial Statements of Desarrollos Educacionales S.A. STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) GAINS (LOSS) FOR THE YEAR OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 640 (370) - - 270-270 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - - Restatement of Initial balance 640 (370) - - 270-270 Issuance of Equity - - - - - - - Gains (Losses) for the year - - (70) - (70) - (70) Dividends - - - - - - - Increase (decrease) from transferences and other capital contributions 996 - - - 996-996 Total changes in equity 996 - (70) - 926-926 FINAL BALANCE AT 12-31-2013 1,637 (370) (70) - 1,196-1,196 TOTAL EQUITY

Desarrollos Educacionales S.A. Figures in millions of pesos as of December 31st 2013 BALANCE 2013 2012 Total Current Assets 9,701 6,898 Total Non-Current Assets 40,858 45,337 Total Assets 50,559 52,235 Total Current Liabilities 10,050 16,194 Total Non-Current Liabilities 26,675 23,523 Total Equity 13,834 12,517 Total Liabilities and Equity 50,559 52,235 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 3,791 3,385 Non-operating income (1,539) (2,066) Income before tax and others 2,252 1,320 Tax Income and Minority Interest (371) (181) Annual profit attributable to owners of the holding 1,881 1,138 CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities 5,678 3,949 Cash Flow from investment activities (3,261) (8,591) Cash flow from Financing activities (1,229) 4,174 Currency translation effect on Cash and Cash Flow Equivalents - - Net Increase (Decrease) in Cash and Cash Equivalents 1,188 (468) STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON-CONTROLLING INTEREST Opening Balance at 01-01-2013 10,942 2,709 (1,135) 12,516 0 12,517 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - Restatement of Initial balance 10,942 2,709 (1,135) 12,516 0 12,517 Issuance of Equity - - - - - - Gains (Losses) for the year - 1,881-1,881 1 1,882 Dividends - (564) - (564) - (564) Increase (decrease) from transferences and other capital contributions - - - - - - Total changes in equity - 1,317-1,317 1 1,318 FINAL BALANCE AT 12-31-2013 10,942 4,025 (1,135) 13,833 1 13,834 TOTAL EQUITY ANNUAL REPORT ILC 2013

Inversiones Previsionales Dos S.A. Figures in millions of pesos as of December 31st 2013 140 / 141 BALANCE 2013 2012 Total Current Assets 5,577 4,982 Total Non-Current Assets 126,722 126,722 Total Assets 132,299 131,703 Total Current Liabilities 4,063 4,978 Total Non-Current Liabilities - - Total Equity 128,236 126,726 Total Liabilities and Equity 132,299 131,703 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income 21,511 21,675 Non-operating income (0) (1) Income before tax and others 21,510 21,674 Tax Income and Minority Interest (80) (32) Annual profit attributable to owners of the holding 21,431 21,642 CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities 20,887 20,517 Cash Flow from investment activities - (20,517) Cash flow from Financing activities (20,883) - Currency translation effect on Cash and Cash Flow Equivalents - - Net Increase (Decrease) in Cash and Cash Equivalents 4 (0) STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 42,354 85,202 (830) 126,726-126,726 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - Restatement of Initial balance 42,354 85,202 (830) 126,726-126,726 Gains (Losses) for the year - 21,431-21,431-21,431 Dividends - (19,920) - (19,920) - (19,920) Increase (decrease) from transferences and other capital contributions - - - - - - Total changes in equity - 1,510-1,510-1,510 FINAL BALANCE AT 12-31-2013 42,354 86,713 (830) 128,236-128,236 TOTAL EQUITY

Inmobiliaria ILC SpA. Figures in millions of pesos as of December 31st 2013 BALANCE 2013 2012 Total Current Assets 1,132 - Total Non-Current Assets 6,579 - Total Assets 7,712 - Total Current Liabilities 7,769 - Total Non-Current Liabilities - - Total Equity (58) - Total Liabilities and Equity 7,712 - COMPREHENSIVE INCOME STATEMENT 2013 (*) 2012 Operating income - - Non-operating income (135) - Income before tax and others (135) - Tax Income and Minority Interest 27 - Annual profit attributable to owners of the holding (108) - (*)From May 23rd, 2013 to December 31st, 2013 CASH FLOW STATEMENTS 2013 (*) 2012 Cash Flow from Operating activities (7,621) - Cash Flow from investment activities - - Cash flow from Financing activities 7,672 - Currency translation effect on Cash and Cash Flow Equivalents - - Net Increase (Decrease) in Cash and Cash Equivalents 50 - (*)From May 23rd, 2013 to December 31st, 2013 STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 - - - - - - COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - Restatement of Initial balance - - - - - - Issuance of Equity 50 - - 50-50 Gains (Losses) for the year - (108) - (108) - (108) Dividends - - - - - - Increase (decrease) from transferences and other capital contributions - - - - - - Total changes in equity 50 (108) - (58) - (58) FINAL BALANCE AT 12-31-2013 50 (108) - (58) - (58) TOTAL EQUITY ANNUAL REPORT ILC 2013

Invesco Internacional S.A. Figures in millions of pesos as of December 31st 2013 142 / 143 BALANCE 2013 2012 Total Current Assets 703 173 Total Non-Current Assets 568 1,040 Total Assets 1,272 1,213 Total Current Liabilities 2 4 Total Non-Current Liabilities - - Total Equity 1,269 1,209 Total Liabilities and Equity 1,272 1,213 COMPREHENSIVE INCOME STATEMENT 2013 2012 Operating income - - Non-operating income 61 (117) Income before tax and others 61 (117) Tax Income and Minority Interest - - Annual profit attributable to owners of the holding 61 (117) CASH FLOW STATEMENTS 2013 2012 Cash Flow from Operating activities (38) (30) Cash Flow from investment activities - - Cash flow from Financing activities 549 - Currency translation effect on Cash and Cash Flow Equivalents 19 - Net Increase (Decrease) in Cash and Cash Equivalents 531 (30) STATEMENT OF CHANGES IN EQUITY ISSUED CAPITAL ACCUMULATED GAINS (LOSSES) GAINS (LOSS) FOR THE YEAR OTHER RESERVES ASSETS ATTRIBUTED TO THE OWNERS OF THE HOLDING NON- CONTROLLING INTEREST Opening Balance at 01-01-2013 922 1,439 (1,130) (22) 1,209-1,209 COMPREHENSIVE INCOME Adjustments due to corrections - - - - - - - Restatement of Initial balance 922 1,439 (1,130) (22) 1,209-1,209 Issuance of Equity - - - - - - - Gains (Losses) for the year - - 61-61 - 61 Dividends - - - - - - - Increase (decrease) from transferences and other capital contributions - - - - - - - Total changes in equity - - 61-61 - 61 FINAL BALANCE AT 12-31-2013 922 1,439 (1,069) (22) 1,269-1,269 TOTAL EQUITY

ANNUAL REPORT SIGNING The undersigned, in their capacity of Directors and General Manager of INVERSIONES LA CONSTRUCCIÓN S.A. respectively, declare under oath that they are responsible for the accuracy of all information provided in this Report by INVERSIONES LA CONSTRUCCIÓN S.A., in compliance with the General Legislation N 30 as amended, issued by the Superintendence of Securities and Insurance. Daniel Hurtado Parot Taxpayer ID: 7,010,350-8 Chairman of the Board Gastón Escala Aguirre Taxpayer ID: 6,539,200-3 Vice-chairman of the Board Lorenzo Constans Gorri Taxpayer ID: 5,816,225-6 Director Alberto Etchegaray Aubry Taxpayer ID: 5,163,821-2 Director Juan Benavides Feliú Taxpayer ID: 5,633,221-9 Director Paulo Bezanilla Saavedra Taxpayer ID: 7,060,451-5 Director Italo Ozzano Cabezón Taxpayer ID: 9,082,624-7 Director Sergio Torretti Costa Taxpayer ID: 6,551,451-6 Director Francisco Vial Bezanilla Taxpayer ID: 6,400,466-2 Director Pablo González Figari Taxpayer ID: 9,611,943-7 General Manager ANNUAL REPORT ILC 2013