www.cencosud.com

CENCOSUD Opens 1

Jumbo Store

in Chile

Santiago, Chile, November 4, 2014 - CENCOSUD (NYSE: CNCO; BCS: CENCOSUD) a leading South American retailer with operations in Chile, Argentina, Brazil, Peru and Colombia, today announced the opening of one Jumbo supermarket in Chile

CENCOSUD is pleased to announce the opening of a new Jumbo Supermarket on October 30, 2014, in the Chilean city of Colina in the Santiago metropolitan area. The Jumbo store has 2,226 m2 of selling space. With this the banner comes to operate 47 locations in the country. This is Cencosud´s twenty second store opening this year.

About CENCOSUD

CENCOSUD is a leading multi-brand retailer in South America, headquartered in Chile and with operations in Chile, Brazil, Argentina, Peru and Colombia. The company operates in supermarkets, home improvement, shopping centers and department stores, always aiming to deliver the right product at the right price to Latin America's growing middle class. In 2012 the company listed American Depositary Receipts (ADRs) on the New York

Stock Exchange.

Investor Relations

Marisol Fernández León

IR Manager

Phone +562 2959 0545

mariasoledad.fernandez@cencosud.cl

Natalia Nacif

IR Senior Analyst

Phone +562 2959 0368

natalia.nacif@cencosud.cl

Ignacio Reyes

IR Senior Analyst

Phone +562 2959 0804

Ignacio.reyesmiranda@cencosud.cl

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