LATAM Airlines Group Announces Material Fact

Santiago, Chile, April 30, 2013– LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LFL / IPSA: LAN / Bovespa: LATM11), the leading airline group in Latin America, announced today that its Board of Directors agreed to call an Extraordinary General Shareholders Meeting for June 11, 2013, in order to submit for shareholder approval the following issues:

1. To increase the shareholders’ equity of the Company in the amount of US$1.0 billion, through the issuance of a number of ordinary shares to be determined by the shareholders, for the purpose of financing part of its investment plan for the following years, especially fleet growth and renewal requirements, as well as to strengthen the financial position of the Company;

2. To utilize part of the capital increase for compensation plans, in accordance with Chilean corporate law;

3. To determine the price, mechanism, timing and procedures for the placement of the issued shares or to delegate to the Board of Directors the ability to determine the price, mechanism, timing, procedures and other conditions for the issuance of such shares, including but not limited to all the terms and conditions of the Company’s compensation plans;

4. To modify the Company’s by-laws to reflect the agreements of the Shareholders Meeting; and

5. To adopt the necessary agreements in order to implement the decisions and the by-law modifications agreed upon by the shareholders.