0001193125-12-259054 Sample Contracts

FORM OF UNDERWRITING AGREEMENT Cencosud S.A. [—] Common Shares in the form of American Depositary Shares
Underwriting Agreement • June 5th, 2012 • Cencosud S.A. • Retail-variety stores • New York

We are acting as counsel for [—], as depositary, in connection with the Deposit Agreement dated as of [—], 2012 (the “Deposit Agreement”), among Cencosud S.A. (the “Company”), [—], as depositary (the “Depositary”), and all owners and beneficial owners from time to time of American Depositary Receipts issued thereunder.

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