Libano Barroso leaves position as CFO of LATAM Airline Group

Santiago, August 3, 2012 – LATAM Airlines Group S.A. (“LATAM Airlines Group” or the “Company”) (NYSE: LFL / IPSA: LAN / Bovespa: LATM11), the leading passenger and cargo airline group in Latin America, announces that as of today Mr.Libano Barroso has left his position as Chief Financial Officer of LATAM Airlines Group. Mr. Barroso will remain as Vicepresident of TAM S.A., advising the Chief Executive Officer of TAM S.A., Mr. Marco Bologna.

Mr. Alejandro de la Fuente will become interim CFO of LATAM Airlines Group. Mr. De la Fuente has been CFO of LAN Airlines since 1995, position in which he has been responsible for corporate financing, treasury, accounting, tax planning and investor relations, among others.