On November 4, 2013, LATAM Airlines Group priced a securitized bond in the amount of US$450,000,000.-  (Four hundred and fifty million dollars). The securitization comprises the flows of its airfare and cargo airway bill sales in the United States of America and Canada expressed in Dollars of United States and in Canadian Dollars (securitization of future flow receivables), made by certain foreign institutions operating credit card systems in the United States of America and through which payment of such and airway bill sales are carried out in that country. We highlight, that the cargo airway bill sales with credit card systems are performed only in the United States and in dollars of United States of America. The bond has a 7 year maturity (a 2 year period of interest only, 5 years of amortization, and a duration of 4,75 years). The offering is 144A/Reg S. The securitized bond coupon is 6.0 %. The settlement and reception of funds occurred on November 7, 2013. The assignee society of the new financing is a company especially incorporated for this purpose in the Cayman Islands named Guanay Finance Limited. The Company mandated Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc. to implement this transaction.

About LATAM Airlines Group S.A.

LATAM Airlines Group S.A. is the new name given to LAN Airlines S.A. as a result of its association with TAM S.A. LATAM Airlines Group S.A. now includes LAN Airlines and its affiliates in Peru, Argentina, Colombia and Ecuador, and LAN Cargo and its affiliates, as well as TAM S.A. and its subsidiaries TAM Linhas Aereas S.A., including its business units TAM Transportes Aereos del Mercosur S.A., (TAM Airlines (Paraguay)) and Multiplus S.A. This association creates one of the largest airline groups in the world in terms of network connections, providing passenger transport services to about 135 destinations in 22 countries and cargo services to about 144 destinations in 27 countries, with a fleet of 328aircraft. In total, LATAM Airlines Group S.A. has more than 54.000 employees and its shares are traded in Santiago, as well as on the New York Stock Exchange, in the form of ADRs, and Sao Paulo Stock Exchange, in the form of BDRs.

Each airline will continue to operate under their current brands and identities. For any inquiry of LAN or TAM, please visitwww.lan.comorwww.tam.com.br, respectively. Further information atwww.latamairlinesgroup.net




distributed by