Board of Directors’ Conflict of Interest Policy

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In its ongoing commitment to continuous improvement in good Corporate Governance practices, Aguas Andinas S.A. (hereinafter, interchangeably, "Aguas Andinas", the "Company", the "Company" or the "Company"), has been moving towards the implementation of best practices on management of conflicts of interest and transactions with related parties. Thus, in the past, this Board of Directors has approved the Board Code of Conduct (2013), the Manual for Handling Information of Interest to the Market (2010), the General Policy on Habituality (2010) and the Company has also prepared the Compendium of Policies and Procedures on Corporate Governance (2015) and the Compliance Management System documents related to these matters, among which are the Procedure for Gifts, Invitations and Travel and the Procedure for Managing Conflicts of Interest.

In this context, the Company has prepared the following document in order to establish the general criteria for managing conflicts of interest by its members, identify the main situations that could constitute a potential conflict of interest, as well as to determine the mechanisms to declare, address and resolve such conflicts by the Directors, General Manager and Senior Executives (all together hereinafter and indistinctly "the Directors"). Thus, with the "Conflict of Interest Management Procedure" and related documents, which apply to all other members of the Company, all persons related to Aguas Andinas and its subsidiaries have a regulatory framework of reference for handling a conflict of interest.

The OECD Principles of Corporate Governance published in 1999 (the "Principles") have become an international frame of reference for legislators, investors, securities issuers and other stakeholders around the world, identifying the foundations of good corporate governance and providing practical guidance for their application at the national level. In relation to related party transactions, the Principles provide that such transactions shall be approved and conducted in a manner that adequately manages conflicts of interest and protects the interests of the company and its shareholders. The above in consideration of the fact that these operations may involve a potential abuse and the solution is that conflicts are dealt with in an adequate manner, through appropriate measures of supervision and disclosure of data, among others. Status: Approved Name: Conflict of Interest Management Policy Type: Document Version number: 00 Code: GA010066 Effective date: 02/28/2023 Page: 4 of 8 Printing date: 02/28/2023 Integrated Management System Andinas Group In accordance with the provisions of Article 50 bis of the Corporations Law, as amended by Law 21.314, the Directors' Committee is responsible for proposing a general conflict of interest policy. Based on the foregoing, in ordinary meeting No. 538 of February 28, 2023, the Company's Directors' Committee proposed to the Board of Directors the present version of the Conflicts of Interest Management Policy, which was approved by said body in the aforementioned meeting. In the application of the Policy, and in the actions carried out in its application, the current legislation of the Securities Market that affects the specific scope of activity of the Company must be respected, and in particular, Law 18,045 on the Securities Market (hereinafter also the "LMV"), and Law 18. 046 on Corporations (hereinafter also the "LSA"), both dated October 22, 1981, the Corporations Regulations, approved by Supreme Decree 702 of the Ministry of Finance in 2011, as well as the regulations in force issued by the Financial Market Commission (hereinafter the "CMF"), including those issued by its legal predecessor, the Superintendency of Securities and Insurance.

A conflict of interest occurs when the personal interests of a director, manager and/or senior executive, employee of the Company and advisors of the Group, or the interests of a third party related to the above, actually or potentially compete with the interests of Aguas Andinas. A conflict of interest shall be understood as "The incompatibility that occurs in any act or negotiation between Aguas Andinas and a third party, whether natural or legal person, when between the latter and the person who evaluates, performs or decides such act and/or participates in the administration, supervision, control or oversight of the processes derived from it, there are business relationships, kinship or affectivity, which make one presume a lack of independence or impartiality". All of the above potentiates the possibility of benefiting, directly or indirectly, and unduly and indistinctly, the related person and/or the personnel of the Participating Company, in any of the acts described in the preceding definition.

The following, without constituting an exhaustive list, are examples of conflicts of interest, which must be taken into consideration to determine the existence of a conflict of interest:

1) One or more persons related to the company, pursuant to Article 100 of the LMV.

2) A director, manager, administrator, chief executive or liquidator of the company, by himself or on behalf of persons other than the company, or their respective Status: Approved Name: Conflict of Interest Management Policy Type: Document Version number: 00 Code: GA010066 Effective date: 28/02/2023 Page: 5 of 8 Printing date: 28-02-2023 Integrated Management System Grupo Andinas Group spouses or relatives up to and including the second degree of consanguinity or affinity.

3) Companies or enterprises in which the persons indicated in the previous number are owners, directly or through other natural or legal persons, of 10% or more of their capital, or directors, managers, administrators, main executives.

4) Those established in the company's bylaws or identified by the directors' committee, as the case may be, even in the case of those indicated in the final paragraph of Article 147 of the Corporations Law.

5) Those in which a director, manager, administrator, principal executive or liquidator has performed the functions of director, manager, administrator, principal executive or liquidator of the company, within the last eighteen months.

Directors shall identify and, to the extent possible, avoid conflict of interest situations. Role of the Compliance Officer. It should be noted that Aguas Andinas and its subsidiaries have had a Compliance Officer since 2014, who is generally responsible for ensuring that the actions of the members of the Company are framed within the law and the frameworks of its Code of Ethics and, in general, the Compliance Management System.

In this sense, one of the obligations of the Company's Compliance Officer will be to be available to the members of the Board of Directors, in order to resolve doubts regarding the existence of a conflict of interest, the way to act in the face of the same or, in general, the application of the different procedures considered in the Compliance Management System, for its adequate treatment. In cases where conflicts cannot be avoided, they must be managed according to the following procedure:

1. Duty to Inform: Directors must inform the Board of Directors, through the President of the Company, or whoever takes his or her place, in writing and immediately, of any substantial interest they have directly, indirectly or on behalf of third parties, in any of the Company's operations or in matters that affect the Company directly; and in particular, if they have an interest or participate in negotiations leading to the performance of an operation with related parties of the Company. 

Report of the Directors' Committee and/or approval of the Board of Directors: 2.1. In any case, if despite the existence of the conflict of interest in a negotiation, act, contract or operation in which the Company must intervene, or in other situations in which decisions must be made with respect to it, but if the purpose of the same is to contribute to the corporate interest, and it is adjusted in price, terms and conditions to those prevailing in the market at the time of its approval, the act, contract, operation or decision may be entered into or executed prior report of the Directors' Committee, under the terms provided in Article 50 bis of the LSA and with the due authorization of the Board of Directors.

In order that all interested parties may be informed about the policies of Aguas Andinas regarding the management of conflicts of interest, from the date of its entry into force, this instrument will be available to directors, employees, investors and the general public on the Company's website. It will also be published on the Company's intranet portal, accessible to all employees, for their knowledge and dissemination of its contents, making public its entry into force by means of a communiqué sent to the entire organization.

This Manual shall enter into force on February 28, 2023.

The Code of Conduct, which had been in force since March 2013, was repealed in February 2023.