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Principal Shareholders

MASISA shares are traded on the Santiago Stock Exchange, the Valparaíso Stock Exchange and the Chilean Electronic Stock Exchange.

As of December 31, 2015, MASISA’s share capital was divided into 7,839,105,291 subscribed and paidin shares. The main shareholders are Grupo Nueva, pension fund administrators, foreign investors via Chapter XIV (direct foreign investment in the local market) and investment funds. MASISA’s controlling shareholder, Grupo Nueva, exercises control directly through the Chilean companies GN Inversiones Limitada and Inversiones Forestales Los Andes Limitada, which together own 67.00% of MASISA’s share capital. Grupo Nueva’s main asset is its majority ownership of MASISA, a company through which it exercises its role as an investor specialized in the forestry sector. No shareholders hold 10% or more of the capital or voting capital other than the controller. The 12 main shareholders of subscribed and paid-in voting capital as of December 31, 2015, are the following:

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