Financial restrictions

Enel Generación Chile

Instrument type with restriction

Series H and M Bonds

Series H Bonds

Restriction to be fulfilled by Informant or Subsidiary

A ratio between Financial Obligations and Total Capitalization must be maintained of less than or equal to 0.64.

Maintain Minimum Equity of Ch$761,661 million, a limit that is updated at the end of each fiscal year, as established in the contract.

Maintain a Financial Expense Coverage ratio of greater than or equal to 1.85.

Maintain a Net Active Position with Related Companies not exceeding the equivalent amount in Chilean pesos, legal tender, of US$500 million, according to the exchange rate observed on the date of its calculation.

Creditor

Banco Santander Chile (Bondholders' Representative)

Registration Number

Registration with the CMF Securities Registry No. 317 for Series H and No. 522 for Series M

Registration with the Securities Registry with CMF No. 317

Name of financial indicator or ratio

Consolidated Indebtedness Level

Equity Attributable to the Parent

Financial Expenses Coverage rate

Net Active Position with Related Companies

Measurement frequency

Quarterly

Calculation mechanism or definition of the indicator or ratio

Financial Obligations corresponding to the sum between Loans that accrue interest, current, Loans that accrue interest, non-current, Other financial liabilities, current, Other financial liabilities, non-current and Other obligations guaranteed by the Issuer or its subsidiaries, while Total Capitalization is the sum between Financial Obligations and Total Equity.

The Equity corresponds to the Equity attributable to the owners of the parent company, which is contrasted with the level of Minimum Equity that will be readjusted by a percentage, provided it is positive of the annual variation of the Consumer Price Index multiplied by the difference between 1 minus the ratio of Non-Monetary Assets in Chile recorded in pesos and the Equity Attributable to the Parent Company. If the annual variation of the Consumer Price Index is negative or if the ratio between Non-Monetary Assets in Chile recorded in pesos and Equity Attributable to the Parent Company is greater than one, there will be no readjustment in that year.

Financial expense coverage is the quotient between: i) Gross operating profit, plus Financial income and dividends received from associated companies, and ii) Financial expenses; both items refer to the period of four consecutive quarters ending at the end of the quarter being reported.

The Net Active Position with Related Companies is the difference between: i) the sum of Receivables due from Related Parties of Current and Non-Current Assets and ii) the sum of Payables due to Related Parties, Current and Non-Current Liabilities. The amounts corresponding to those that jointly comply with the following must be excluded from the foregoing: i) operations lasting less than 180 days, and ii) operations arising from the ordinary course of business of Enel Generación Chile or its subsidiaries.

Restriction that must be fulfilled (Range, Value and Unit of measure)

A ratio between Financial Obligations and Total Capitalization must be maintained of less than or equal to 0.64.

Maintain a Minimum Equity of Ch$761,661 million, a limit that is updated at the end of each fiscal year, as established in the contract.

Maintain a Financial Expense Coverage Coefficient of greater than or equal to 1.85.

Maintain a Net Active Position with Related Companies not exceeding the equivalent amount in pesos, legal tender, of US$500 million, according to the exchange rate observed on the date of its calculation.

Indicator or ratio determined by the company

0.16

$2,725,132 million

19.37

US$206.67 million

Compliance YES/NO

Yes

Accounts used in the calculation of the indicator or ratio

Financial Obligations and Total Capitalization

Equity attributable to the owners of the parent company.

Gross Operating Income and Financial Expenses

Current and Non-Current Accounts Receivable and Payable to Related Entities.