Cencosud S.A. announced that during March 2014, the Retail Corporate Management Unit will be created, which will be overseen by Mr. Jaime Soler Bottinelli, who will report directly to the General Corporate Management of Cencosud, thus eliminating the Supermarkets Division Management Unit. Among the objectives of this new structure are to continue improving the profitability and efficiency of all areas of its business, and to take advantage of the synergies that exist among the various retail units. The Retail Corporate Management Unit team will be composed of the following: General Managers of the Supermarkets business in each of the countries in which Cencosud has operations; Functional and regional Supermarkets Managers; Manager of the Home Improvement Division (Easy /Blaisten); Manager of the Department Stores Division (Paris and Johnson).