<SEC-DOCUMENT>0001615774-16-004814.txt : 20160406
<SEC-HEADER>0001615774-16-004814.hdr.sgml : 20160406
<ACCEPTANCE-DATETIME>20160405184648
ACCESSION NUMBER:		0001615774-16-004814
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160405
FILED AS OF DATE:		20160406
DATE AS OF CHANGE:		20160405

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LATAM AIRLINES GROUP S.A.
		CENTRAL INDEX KEY:			0001047716
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14728
		FILM NUMBER:		161556063

	BUSINESS ADDRESS:	
		STREET 1:		PRESIDENTE RIESCO 5711 20TH FLOOR
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO
		STATE:			F3
		ZIP:			999999999
		BUSINESS PHONE:		5625652525

	MAIL ADDRESS:	
		STREET 1:		PRESIDENTE RIESCO 5711 20TH FLOOR
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO
		STATE:			F3
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lan Airlines SA
		DATE OF NAME CHANGE:	20041015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LAN CHILE SA
		DATE OF NAME CHANGE:	19990427

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHILEAN AIRLINE SA  LANCHILE
		DATE OF NAME CHANGE:	19971010
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>s102956_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height: 3pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1px solid">&nbsp;</P> <P ALIGN="CENTER" STYLE="margin-top: 4pt; margin-bottom: 0pt; font: 18pt Times New Roman"><B>UNITED STATES </B></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 18pt Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P><CENTER>
<P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%">&nbsp;</P></CENTER> <P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 18pt Times New Roman"><B>FORM&nbsp;6-K
</B></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P><CENTER> <P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%">&nbsp;</P></CENTER>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 12pt Times New Roman"><B>REPORT OF FOREIGN PRIVATE ISSUER </B></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman"><B>PURSUANT TO RULE 13a-16 OR 15d-16 </B></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><B>April 5, 2016 </B></P>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><B>Commission File Number 1-14728 </B></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P><CENTER STYLE="text-align: center">
<P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%">&nbsp;</P></CENTER> <P STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 24pt Times New Roman; text-align: center"><B>LATAM
Airlines Group S.A. </B></P> <P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman"><B>(Translation of Registrant&#146;s Name Into English) </B></P>
<P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P><CENTER> <P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%">&nbsp;</P></CENTER>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><B>Presidente Riesco 5711, 20th floor </B></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman"><B>Las Condes </B></P> <P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman"><B>Santiago,
Chile</B> </P> <P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 8pt Times New Roman"><B>(Address of principal executive offices) </B></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P><CENTER>
<P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%">&nbsp;</P></CENTER> <P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman">Indicate by
check mark whether the registrant files or will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F: </P>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman">Form&nbsp;20-F&nbsp;&nbsp;<FONT STYLE="font-family: WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;Form&nbsp;40-F&nbsp;&nbsp;<FONT STYLE="font-family: WINGDINGS">&#168;</FONT> </P> <P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman">Indicate by check mark if the registrant is submitting
the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1):&nbsp;&nbsp;<FONT STYLE="font-family: WINGDINGS">&#168;</FONT> </P>
<P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman">Indicate by check mark
if the registrant is submitting the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7):&nbsp;&nbsp;<FONT STYLE="font-family: WINGDINGS">&#168;</FONT></P>

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<P STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman">&nbsp;</P>



<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: left">Santiago, April 5th, 2016.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Carlos Pavez Tolosa</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Superintendent of Securities and Insurance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Superintendence of Securities and Insurance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Santiago, Chile</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0"><U>Ref.: Material Fact &#8211; Cancellation
of the BDRs Program in Brazil</U>.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 70.8pt">Dear Sir:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 70.9pt">In accordance with
articles 9 and 10, under the Securities Market Law N&ordm;18,045, with regards to the Securities Markets and as established under
General Norm N&ordm;30 of the Superintendence, and duly authorized, I hereby inform you of the following significant event of LATAM
Airlines Group S.A. (from now on, &#8220;<U>LATAM</U>&#8221; or &#8220;<U>The Company</U>&#8221;), Securities Registration Record
No. 306:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">a)&nbsp;&nbsp;
The <I>Comiss&atilde;o de Valores Mobili&aacute;rios</I> (&#8220;<U>CVM</U>&#8221;) of the Republic of Brazil, authorized on February
2, 2016 through Resolution No. 70/2016-CVM/SRE/GER-2, the cancellation of the program <I>Brazilian Depositary Receipts</I> (&#8220;<U>BDRs</U>&#8221;)
of LATAM Airlines Group S.A., which has to be performed in accordance with the procedure approved by the aforementioned authority
in the referred resolution (from now on, the &#8220;<U>Cancellation Procedure</U>&#8221;).</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">b)&nbsp;&nbsp;
The Company informed on February 5, 2016 of relevant information for market interest, with regards to the CVM approval of the program
under evaluation related to the cancellation of the BDRs program, making present that the project was meant to be evaluated in
the future under the consideration of the Board of Directors of the Company.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">c)&nbsp;&nbsp;
The Board of Directors of LATAM Airlines Group S.A. has approved as of this date to proceed with the cancellation of the BDRs Program
registered in the CVM, according to the aforementioned Cancellation Procedure, and therefore the cancellation of its record as
foreign issuer in the CVM, all of which in accordance with the applicable regulations of the Republic of Brazil. The Board of LATAM
represents that the foregoing does not affect the long-term commitment of Grupo LATAM Airlines with Brazil.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">d)&nbsp;
Worth is to mention that each BDR represents one (1) common share of LATAM Airlines Group S.A. and as of March 31st, 2016 the BDRs
program represented 0.44% of the total shares issued by the Company.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 56.7pt; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">e)&nbsp;&nbsp;
As such, from this date onwards, BDRs holders will have a (30) days period to choose from these options:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 128.1pt; text-align: justify; text-indent: -128.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subscribe to the procedure named &#8220;<I>Sale Facility</I>&#8221;,
or</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 128.1pt; text-align: justify; text-indent: -128.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintain ownership of LATAM Airlines
Group S.A. shares to the underlying BDR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">f)&nbsp;&nbsp;&nbsp;
If a BDRs holder doesn&#8217;t express the option contained in the Procedure, it will be understood for all purposes that the holder
opts to subscribe to the procedure denominated &#8220;<I>Sale Facility</I>&#8221;.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 56.7pt">g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>The &#8220;<I>Sale Facility</I>&#8221; procedure is executed through the sale of the underlying common shares of BDRs (the
&#8220;<U>Common Shares</U>&#8221;) in the Santiago Stock Exchange. Those BDRs holders that express their intention to retain ownership
of their respective Common Shares, will become shareholders of LATAM Airlines Group S.A., through the transfer of shares to a stockbroker
or a local custodian in Chile, pursuant to an instruction to be executed in compliance with the conditions specified in the Cancellation
Procedure.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 91.95pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">h)&nbsp;&nbsp;
You will find attached a free translation into Spanish of the corresponding <I>Fato Relevante</I> submitted to the CVM as of this
date. Be aware that the Notice to BDRs Holders, through which the Cancellation Procedure of the BDRs program of LATAM Airlines
Group S.A. is informed and its instructions, terms and the relevant conditions, will be informed to the CVM on April 6<SUP>th</SUP>,
2016, and will be published in Brazil by LATAM Airlines Group S.A. on April 7<SUP>th</SUP>, 2016 in the Official Newspaper do Estado
de S&atilde;o Paulo, in Valor Econ&ocirc;mico, and in the website of LATAM http://www.latamairlinesgroup.net.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify; text-indent: 56.7pt">i)&nbsp;&nbsp;&nbsp;&nbsp;
It is stated for the record that the BDRs are foreign securities not registered in the Superintendence of Securities and Insurance.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Sincerely yours,</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 2.55pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">Cristi&aacute;n Toro Ca&ntilde;as</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">Legal Vice President</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">LATAM Airlines Group S.A.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>LATAM Airlines Group S.A. </B></P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">Foreign Company &#8211; CVM n&ordm; 80128</P>


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<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">CNPJ n&ordm; 33.937.681/0001-78</P>

<P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">Av. Presidente Riesco n&ordm; 5711, 20&ordm;
Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Santiago, Chile</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MATERIAL FACT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">LATAM AIRLINES GROUP S.A. (&#8220;<U>LATAM</U>&#8221;
or &#8220;<U>The Company</U>&#8221;), public company duly constituted and governed by Chilean laws, in relation to the provisions
of the <I>Instrucci&oacute;n da Comiss&atilde;o de Valores Mobili&aacute;rios</I> (&#8220;CVM&#8221;) n&ordm; 358, of January 3<SUP>rd</SUP>,
2002, according to its amendments&nbsp;, informs its shareholders of <I>Brazilian Depositary Receipts </I>(&#8220;<U>BDRs</U>&#8221;)
of the following significant event:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/16pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">As of this date the Board of Directors
of LATAM approved the cancellation of the BDRs program (&#8220;<U>Cancellation</U>&#8221;), with the subsequent termination of
its existing foreign issuer registration on the CVM, in accordance with article 48, sole paragraph, of the Instruction CVM n&ordm;
480 of December 7<SUP>th</SUP>, 2009, according to its amendments (&#8220;<U>Instructions CVM 480</U>&#8221;). The Board of LATAM
represents that the foregoing does not affect the long term commitment of Grupo LATAM Airlines with Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The cancellation will take place through the
sale of the underlying common stocks to the BDRs (&#8220;<U>Shares</U>&#8221;) in the Santiago Stock Exchange, through the procedure
named <I>Sale Facility</I>. The BDRs holders that don&#8217;t want to sell the Shares may remain as shareholders of LATAM in Chile,
acknowledging that each BDR represents one Share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Cancellation procedure was duly approved
by the CVM Council in a meeting held on February 2<SUP>nd</SUP>, 2016, according to the Resolution n&deg; 70/2016-CVM/SRE/GER-2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The additional information and instructions
related to the Cancellation will be informed to the market through a LATAM BDR Holders&#8217; Notice to be published <B>on April
7<SUP>th</SUP>, 2016</B>, in the <I>Di&aacute;rio Oficial do Estado de S&atilde;o Paulo</I>, in <I>Valor Econ&ocirc;mico</I> and
in the website of the Company <FONT STYLE="color: Black">http://www.latamairlinesgroup.net</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Finally, the Company informs that it will keep
the market informed of the relevant facts related to the cancellation of its registration in the CVM as a foreign issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Sao Paulo, April 5<SUP>th</SUP>, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 54%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">[=]</P>
        <P STYLE="font: 10pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Chairman of the Administration Board</P></TD>
    <TD STYLE="width: 46%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">[=]</P>
        <P STYLE="font: 10pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Investor Relations Director</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman; text-align: center"><B>SIGNATURES </B></P>
<P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized. </P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>
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<TR STYLE="font: 10pt Times New Roman">
<TD VALIGN="TOP">Date:  April 5, 2016</TD>
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<TD VALIGN="TOP" COLSPAN="3"><B>LATAM AIRLINES GROUP S.A.</B></TD></TR>
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<TD VALIGN="TOP">By:</TD>
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<TD VALIGN="TOP"> <P STYLE="margin-top: 0pt; margin-bottom: 1pt; border-bottom: #000000 1px solid; font: 10pt Times New Roman">/s/ Enrique Cueto</P></TD></TR>
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<TD VALIGN="TOP">Name:</TD>
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<TD VALIGN="TOP">Enrique Cueto</TD></TR>
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<TD VALIGN="TOP">Title:</TD>
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<TD VALIGN="TOP">Latam Airlines Group CEO</TD></TR>
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