Enel Américas Announces Launch of its Subsequent Rights Offerings in Connection with Capital Increase

SANTIAGO, Chile, Aug. 6, 2019

Citibank, N.A., as the depositary for the company's American Depositary Shares, or ADSs, will distribute to those holders of Preemptive ADS Rights who exercised their Preemptive ADS Rights and subscribed for new ADSs in the statutory preemptive rights offerings ("Subscribing ADS Holders") new transferable ADS rights to purchase new ADSs ("Additional ADS Rights"). Subscribing ADS Holders will be entitled to receive approximately 0.027706 Additional ADS Rights for each new ADS subscribed in statutory preemptive rights offerings, at the same subscription price of US$8.31 per new ADS (which includes ADS rights agent fees of US$0.20 per new ADS subscribed), as in the statutory preemptive rights offering. Fractional Additional ADS Rights will not be distributed, and any fractional entitlement to Additional ADS Rights will be aggregated and sold by Citibank, N.A. and the proceeds distributed to holders otherwise entitled to a fractional Additional ADS Right. The Additional ADS Rights subscription period will begin on August 7, 2019 and will end at 2:15 p.m. (New York City time) on August 23, 2019. One full Additional ADS Right is required to subscribe for one new ADS at the ADS subscription price.

The Additional ADS rights are expected to trade on the New York Stock Exchange under the symbol "ENIA RT". Trading of the Additional ADS Rights is expected to commence on August 7, 2019, subject to the Additional ADS Rights being "in-the-money" at the commencement of trading, and end after the close of trading on August 20, 2019. Holders of ADSs who want to sell their Additional ADS rights must instruct Citibank, N.A., as ADS rights agent, to sell such rights prior to 5:00 p.m. (New York City time) on August 16, 2019.

To the extent shares offered in the subsequent rights offering are not fully subscribed and paid, the Board of Directors of the company has the authority to offer those shares to shareholders or other third parties in Chile in transactions on the Chilean stock exchanges on terms and conditions different than in the rights offerings, provided, however, that the offering may not commence until 30 days after the end of the statutory preemptive rights offering period.

The shares of Enel Américas common stock to be offered in the rights offerings have been registered in Chile with the Financial Market Commission, or the CMF. A registration statement on Form F‑3 relating to these securities offered in the United States in the rights offerings and the prospectus supplements to the prospectus contained in such registration statement have been previously filed with the U.S. Securities and Exchange Commission.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and does not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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