<SEC-DOCUMENT>0001615774-16-006418.txt : 20160725
<SEC-HEADER>0001615774-16-006418.hdr.sgml : 20160725
<ACCEPTANCE-DATETIME>20160725124930
ACCESSION NUMBER:		0001615774-16-006418
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160725
FILED AS OF DATE:		20160725
DATE AS OF CHANGE:		20160725

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:		161781672

	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>s103741_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="margin: 0"></p><P STYLE="line-height: 1pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: #000000 1px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="line-height: 3pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P> <P ALIGN="CENTER" STYLE="margin-top: 4pt; margin-bottom: 0pt; font: 18pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
                                         STATES </B></FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 18pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION </B></FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington,
D.C. 20549 </B></FONT></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P><CENTER><P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></CENTER> <P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 18pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FORM&nbsp;6-K
                                         </B></FONT></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P><CENTER><P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></CENTER>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 12pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER </B></FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PURSUANT
TO RULE 13a-16 OR 15d-16 </B></FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNDER
THE SECURITIES EXCHANGE ACT OF 1934 </B></FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>July
25, 2016 </B></FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Commission
File Number 1-14728 </B></FONT></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P><CENTER STYLE="text-align: center"><P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></CENTER> <P STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 24pt Times New Roman; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LATAM
                                         Airlines Group S.A. </B></FONT></P> <P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Translation
                                         of Registrant&#146;s Name Into English) </B></FONT></P>
<P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P><CENTER><P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></CENTER>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Presidente
Riesco 5711, 20th floor </B></FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Las
Condes </B></FONT></P> <P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Santiago,
                       Chile</B></FONT></P> <P ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 8pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Address
                                         of principal executive offices) </B></FONT></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P><CENTER><P STYLE="line-height: 6pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom: #000000 1pt solid; width: 21%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></CENTER> <P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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:</FONT></P>
<P ALIGN="CENTER" STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;20-F&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;Form&nbsp;40-F&nbsp;&nbsp;&#9744;</FONT></P> <P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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;&#9744;</FONT></P>
<P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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;&#9744;</FONT></P>

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

<P STYLE="font: 10pt/15pt Sans-Serif; margin: 0; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/15pt Sans-Serif; margin: 0; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="logo.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt/15pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Santiago, July 25, 2016</FONT></P>

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

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr. Carlos Pavez Tolosa&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commissioner</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities and Exchange Commission</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Av. Libertador Bernardo O&acute;Higgins
1449</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Present</U></FONT></P>

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

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Ref.: Reports
Material Fact.</U></FONT></P>

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

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dear Commissioner:</FONT></P>

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

<P STYLE="margin: 0; text-align: justify; text-indent: 140pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with Articles 9 and 10 of the Securities Market Law, and pursuant to General Regulation No. 30, and being duly authorized
thereto, I hereby inform you of a material fact from LATAM Airlines Group S.A. (&ldquo;LATAM&rdquo;), Securities register No.
306:</FONT></P>

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

<P STYLE="margin: 0; text-align: justify; text-indent: 100pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LATAM
informs it has reached agreements with the U.S. Department of Justice (&ldquo;DOJ&rdquo;) and with the U.S. Securities and Exchange
Commission (&ldquo;SEC&rdquo;), both authorities of the United States of America, in force as of this date, the content of which
is substantially similar to the ones described in the material fact sent to your Commission on May 3, 2016, a copy of which is
attached to this material fact and forms part of the same for all effects. The definitive amounts agreed to be paid are US$12,750,000
to the DOJ and US$6,700,000 plus interest to the SEC.</FONT></P>

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

<P STYLE="margin: 0; text-indent: 100pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yours sincerely,</FONT></P>

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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Juan
Carlos Menci&oacute;</FONT></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vicepresidente
Senior Legal</FONT></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LATAM
Airlines Group S.A.&nbsp;</FONT></P>

<P STYLE="text-align: right"></P>

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

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

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<P STYLE="margin-top: 12pt; margin-bottom: 0pt; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="logo.jpg" ALT=""></FONT></p>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Santiago,
May 3, 2016</FONT></P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Av.
Libertador Bernardo O&#8217;higgins No. 1449</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Hand-delivered</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: right; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: right; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ref.:
&#9;Notice of CONFIDENCIAL MATERIAL FACT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: right; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">________________________________________</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr
                                         Superintendent:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 178.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with the provisions of Article 9 and of the third and fourth paragraphs of Article 10 of Law No. 18,045 and with the
provisions of General Rule No. 30, I, duly authorized by the Board of Directors at its meeting held on this same date, inform
the Superintendency, as a CONFIDENTIAL MATERIAL FACT of LATAM Airlines Group S. A (&#8220;LATAM&#8221;), Securities Registry No.
306, of the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 178.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
                                         regard to the investigation in 2011 that the U.S. Securities and Exchange Commission
                                         (&#8220;SEC&#8221;) and the U.S. Department of Justice, both authorities of the United
                                         States of America, initiated regarding payments totaling US$1,150,000 made in 2006-2007
                                         by LAN Airlines S.A. (&#8220;LAN&#8221;) to a consultant who advised on the resolution
                                         of labor matters in Argentina, investigation in which LATAM has actively cooperated,
                                         the Board of Directors reports as a confidential material fact that, after numerous exchanges
                                         of opinions between LATAM&#8217;s attorneys and representatives of the SEC and DOJ regarding
                                         the facts which are part of such investigation and the legal evaluation of this matter,
                                         the advisers have concluded that the available alternative in order to put an end to
                                         it requires seeking and entering into agreements with such authorities that contemplate
                                         the payments of fines and other stipulations described herein.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         purpose of the investigation was to ascertain whether such payments violated the anticorruption
                                         law of the United States of America (&#8220;FCPA&#8221;), which: (i) prohibits the payment
                                         of bribes to foreign government officials for the purpose of obtaining a commercial advantage;
                                         and (ii) requires the companies bound by such law to make and keep adequate accounting
                                         records, as well as to maintain an adequate system of internal controls. The FCPA applies
                                         to LATAM because of the ADR program that it has in place in the American Securities market.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="logo.jpg" ALT="">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">After
                                         an exhaustive investigation, the DOJ and SEC concluded that there was no violation of
                                         the rules of the FCPA that prohibit the payment of bribes, which is consistent with the
                                         results of LATAM&#8217;s internal investigations. However, the DOJ and the SEC have deemed
                                         that LAN incorrectly recorded the aforementioned payments in its accounting and, consequently,
                                         violated the part of the FCPA that requires companies to make and keep accurate accounting
                                         records. The above-cited authorities have also deemed that LAN&acute;s internal controls
                                         existing in the years 2006-2007 were deficient, for which reason LAN has additionally
                                         violated the rules of the FCPA that require maintaining an adequate system of internal
                                         controls.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         these circumstances, LATAM&#8217;s attorneys have engaged in multiple and prolonged exchanges
                                         of opinions and conversations with the DOJ and the SEC. Based on the information about
                                         such exchanges and conversations that was provided by LATAM&#8217;s attorney&#8217;s
                                         the Board of Directors has decided to reach an agreement with both authorities.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         accordance, LATAM attorney&#8217;s recommended today that the Board of Directors reach
                                         agreements with both authorities in the following terms:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
                                         regard to the DOJ, the agreement would consider primarily: (i) entering into a contract
                                         called a <I>Deferred Prosecution Agreement</I> (&#8220;DPA&#8221;), which is a public
                                         contract by which the DOJ would publicly file charges alleging a violation of the FCPA&#8217;s
                                         accounting provisions; LATAM would not be required to respond to those charges and DOJ
                                         would not pursue those charges for a period of 3 years, and the DOJ would dismiss the
                                         charges after the expiration of such period, assuming that LATAM complied with all terms
                                         of the DPA; this would be in exchange for LATAM admitting a series of negotiated facts
                                         that would be described in the DPA and agreeing to pay the negotiated fine referred to
                                         below and other conditions that would be stated in such agreement; (ii) clauses by which
                                         LATAM would admit that the accounting for the payments made to the consultant in Argentina
                                         was incorrect and that, at the time that such payments were made (2006-2007), it lacked
                                         adequate internal controls; (iii) LATAM&#8217;s acceptance of an independent consultant,
                                         for 27 months, whose function would be to monitor, evaluate, and report to the DOJ on
                                         the effectiveness of LATAM&#8217;s compliance program, and also LATAM&#8217;s acceptance
                                         of continuing, for 9 months after the work of the independent consultant is finished,
                                         to evaluate and report to the DOJ, this time on its own, on the effectiveness of the
                                         aforementioned compliance program; and (iv) paying an estimated fine of approximately
                                         $12,500,000 in accordance with to the agreement reached in the DPA.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="logo.jpg" ALT="">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 49.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 49.65pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 49.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
                                         regard to the SEC, the agreement would consider primarily: (i) entering into an agreement
                                         that would contain what is called a <I>Cease and Desist Order</I>, which is a SEC administrative
                                         order closing the investigation by which LATAM would accept certain obligations and statements
                                         of fact, which would be described in the document; (ii) reproducing the obligations related
                                         to the monitor referred to in 6(a)(iii) above; and (iii) paying an amount of approximately
                                         US$6,500,000 plus interests.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         documents that contemplate these agreements between LATAM and the DOJ and the SEC are
                                         still being negotiated, and it is relevant for the purposes of determining whether or
                                         not the definitive agreements will be entered into to review and agree on each of the
                                         facts that are described, and of the obligations that are assumed, in each of the documents
                                         that must be signed.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         view of the fact that such negotiations are pending, it is not possible at this time
                                         to state with certainty whether final agreements will be reached. However, the Board
                                         of Directors instructed the lawyers to continue the conversations on the terms described
                                         in this instrument and to keep it duly informed of the progress thereof through the Legal
                                         Department.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
                                         estimate that the information in this confidential material fact will remain in the same
                                         condition approximately for the next 60 days.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Messrs.
Henri Philippe Reichstul, Georges Antoine de Bourguignon Arndt, Ricardo J. Caballero Gibbons, Ram&oacute;n Eblen Kadis, Carlos
Alberto Heller Solari, Juan Gerardo Jofr&eacute; Miranda and Juan Jos&eacute; Cueto Plaza being present, the Board of Directors
has given instructions for this information to be communicated confidentially, since it refers to pending negotiations whose disclosure
at this time would be prejudicial to the corporate interest, because, among other reasons, the same American authorities that
are conducting the investigation have stated their objection to the disclosure of the content of the possible agreement as long
as negotiations remain pending.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finally,
we inform you that the following persons are in knowledge with the resolution adopted by the Board of Directors and which is communicated
hereby: the aforementioned directors of LATAM; the general manager of LATAM Mr. Enrique Miguel Cueto Plaza; the CEO of LAN Airlines
S.A. Mr. Ignacio Cueto Plaza; the Vice President of Finance of LATAM Mr. Andr&eacute;s Osorio Hermansen; the Senior Director of
Investor Relations Mrs. Gisela Escobar Koch; the Vice President of Corporate Affairs Mr. Gonzalo Undurraga Pellegrini; the Vice
President for Legal Affairs of LATAM Mr. Juan Carlos Menci&oacute;; the Vice President for Legal Affairs of LATAM Mr. Cristi&aacute;n
Toro Ca&ntilde;as; and outside counsel Messrs. Roger Witten, Claudio Salas, Crist&oacute;bal Eyzaguirre Baeza, Jos&eacute; Miguel
Huerta Molina, Juan Pablo Celis Morgan, and Tom&aacute;s Ignacio Kreft Carre&ntilde;o.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Without
anything further, yours truly,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 130.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cristi&aacute;n
Toro Ca&ntilde;as</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vice
President for Legal Affairs</FONT></P>

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


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



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

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

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

<!-- Field: Page; Sequence: 3 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

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

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

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

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES
</B></FONT></P>
<P STYLE="margin-top: 12pt; margin-bottom: 0pt; text-indent: 4%; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</FONT></P> <P STYLE="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="BOTTOM" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="BOTTOM"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="BOTTOM" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="font: 10pt Times New Roman">
<TD VALIGN="TOP"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: July 25, 2016</FONT></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP" COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LATAM AIRLINES GROUP
S.A.</B></FONT></TD></TR>
<TR STYLE="font-size: 1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font: 10pt Times New Roman">
<TD VALIGN="TOP"></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"><P STYLE="margin-top: 0pt; margin-bottom: 1pt; border-bottom: #000000 1px solid; font: 10pt Times New Roman"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
                 Enrique Cueto</FONT></P></TD></TR>
<TR STYLE="font: 10pt Times New Roman">
<TD VALIGN="TOP"></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Enrique Cueto</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman">
<TD VALIGN="TOP"></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
<TD VALIGN="BOTTOM"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD VALIGN="TOP"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Latam Airlines Group CEO</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
