<SEC-DOCUMENT>0001615774-18-009136.txt : 20180905
<SEC-HEADER>0001615774-18-009136.hdr.sgml : 20180905
<ACCEPTANCE-DATETIME>20180905065557
ACCESSION NUMBER:		0001615774-18-009136
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180905
FILED AS OF DATE:		20180905
DATE AS OF CHANGE:		20180905

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:		181053873

	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>s112532_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>SECURITIES AND
EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>Washington, D.C.
20549 </B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>REPORT OF FOREIGN
PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>PURSUANT TO RULE
13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>UNDER THE SECURITIES
EXCHANGE ACT OF 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> September 5,
2018</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>Commission File
Number 1-14728</B></P>

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<P STYLE="font: 24pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>LATAM Airlines
Group S.A. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>(Translation of
Registrant&rsquo;s Name Into English) </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>Presidente Riesco
5711, 20th floor </B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>(Address of principal
executive offices) </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 4%; margin-top: 0pt; margin-bottom: 0pt">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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 4%; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 4%; margin-top: 0pt; margin-bottom: 0pt">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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 4%; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 4%; margin-top: 0pt; margin-bottom: 0pt">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;</P>

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

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: center"><b><font style="font-size: 11pt">LATAM Airlines Group S.A</font></b>
<br>
<b><font style="font-size:11pt; ">SECURITIES REGISTRY N&deg; 306</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:right;"><font style="font-size:11pt; ">Santiago, September 5</font><sup><font style="font-size:11pt; ">th</font></sup><font style="font-size:11pt; "> 2018</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:left;"><font style="font-size:11pt; ">Mr.</font>
<br><font style="font-size:10pt; ">Joaqu&#237;n Cortez Huerta</font>
<br><font style="font-size:11pt; ">Superintendent</font>
<br><font style="font-size:11pt; ">Financial Market Commission</font>
<br><font style="font-size:11pt; ">1449 Av. Libertador Bernardo O&acute;Higgins</font>
<br><u><font style="font-size:11pt; ">Present</font></u></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: bold;text-align:right;">
<b><font style="font-size:11pt; ">Re: Material fact report</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:left;"><font style="font-size:11pt; ">Dear Mr. Superintendent:</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">In accordance with the provisions of Article 9 and 10 of the Securities Market Law and General Rule No. 30, duly authorized, the following material fact regarding LATAM Airlines Group S.A. (&#x0093;</font><u><font style="font-size:10pt; ">LATAM Airlines</font></u><font style="font-size:10pt; ">&#x0094;), Securities Registration No. 306, reports the following:</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">As is public knowledge, our subsidiary TAM S.A. owns approximately 73% of Multiplus S.A. (&#x0093;</font><u><font style="font-size:10pt; ">Multiplus</font></u><font style="font-size:10pt; ">&#x0094;), a Brazilian company that trades in the B3, the Brazilian stock exchange, under the mnemonic MPLU3.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">Multiplus is a coalition of loyalty programs, with the objective of operating accumulation and redemptions of points. This program has a network composed of associated companies, including, among others, hotels, financial institutions, retail companies, supermarkets, vehicle leases and magazines.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">In order to implement its point&#x2019;s accumulation and redemption, Multiplus maintains an operational contract (the &#x0093;</font><u><font style="font-size:10pt; ">Operational Agreement</font></u><font style="font-size:10pt; ">&#x0094;) with TAM Linhas Aereas S.A. (&#x0093;</font><u><font style="font-size:10pt; ">LATAM Airlines Brazil</font></u><font style="font-size:10pt; ">&#x0094;), a subsidiary of TAM S.A., which entered into force on January 1, 2010, and has a duration of 15 years, with expiration on December 31, 2024.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">Yesterday, LATAM Airlines Brazil sent a communication to Multiplus informing that intends to: (i) not renew or extend the Operational Agreement when it expires; and (ii) make a public offer to acquire the shares of Multiplus that are not owned by TAM S.A. - approximately 27% - cancelling the registration of Multiplus as a public company in the </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Comiss&#227;o de Valores Mobili&#225;rios</font></i><font style="font-size:10pt; "> of the Federative Republic of Brazil (CVM) - the securities regulator - and delist it from the </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado </font></i><font style="font-size:10pt; ">of B3 - the stock exchange in Brazil. This process is subject to the approval of the Brazilian securities regulator and that the public offer for the acquisition of shares is successful.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">It is attached to this Material Fact the translation of the </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Fato Relevante</font></i><font style="font-size:10pt; "> &#x2013; Material Fact - sent by Multiplus to the </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Comiss&#227;o de Valores Mobili&#225;rios </font></i><font style="font-size:10pt; ">(CVM), which gives an account of the above.</font></p>
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<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">LATAM Airlines continues evaluating the final scope of the financial effects that the reported fact may have on the assets, liabilities or results.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">LATAM Airlines will keep the Financial Market Commission duly informed of any relevant development that may occur in relation to the events it reveals.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: left;text-indent: 35pt;"><font style="font-size:11pt; ">Sincerely</font><font style="font-size:11pt; ">,</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align:center;">
<b><font style="font-size:11pt; ">Juan Carlos Menci&oacute;</font></b>
<br>
<b><font style="font-size:11pt; ">Senior Vice President of Legal Affairs</font></b>
<br>
<b><font style="font-size:11pt; ">LATAM Airlines Group S.A.</font></b></p>
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<b><font style="font-size:11pt; ">MULTIPLUS S.A. </font></b>
<br>
<b><font style="font-size:11pt; ">NIRE 35.300.371.658 </font></b>
<br>
<b><font style="font-size:11pt; ">CNPJ/MF No. 11.094.546/0001-75 </font></b>
<br>
<b><font style="font-size:11pt; ">Publicly-Held Company with Authorized Capital</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: bold; text-align: center; text-transform: uppercase;">
<b><font style="font-size:11pt; ">MATERIAL FACT</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">Multiplus S.A. (B3: MPLU3) (&#x0093;Company&#x0094;), in compliance with the provisions of Law 6,404/76 and with the Brazilian Securities Commission (&#x0093;CVM&#x0094;) Ruling No. 358 of January 3, 2002, as amended, comes hereby to inform its shareholders and the market in general that it has received, on this date, a correspondence from TAM Linhas A&#x00E9;reas S.A. addressed to the Board of Directors and the Executive Committee of the Company informing that </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> it does not intend to extend or renew the Operational Agreement (Contrato Operacional) entered into with the Company and described in item 16.4 of the Company&#x2019;s Reference Form (Formul&#225;rio de Refer&#234;ncia da Companhia), and </font>
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i><font style="font-size:10pt; "> it intends to carry out a unified Public Offering for Acquisition of Company Common Shares for Cancellation of Registration of Publicly-Held Company and Delisting from Novo Mercado Listing Segment (&#x0093;Offer&#x0094; and &#x0093;Correspondence&#x0094;).</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">The Offer materialization is subject to the other conditions described in the Correspondence, the entire content of which is attached to this material fact.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: justify;text-indent: 35pt;"><font style="font-size:10pt; ">The Company will keep the market and its shareholders informed on the subject matters of this material fact. This material fact is for information purposes only and does not constitute an offer to acquire securities.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal;font: 10pt Times New Roman, Times, Serif; text-align: center;text-indent: 35pt;"><font style="font-size:10pt; ">Barueri, September 04, 2018</font></p>
<p style="font: normal 10pt Times New Roman, Times, Serif; font-weight: normal; font-family: Times New Roman, Times, Serif; font-size: 10pt; text-align: center; text-indent: 35pt; margin-top: 0; margin-bottom: 0"><font style="font-size:10pt; ">RONALD DOMINGUES</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; font-family: Times New Roman, Times, Serif; font-size: 10pt; text-align: center; text-indent: 35pt; margin-top: 0"><font style="font-size:10pt; ">Chief Financial Officer and Investor Relations Officer</font></p>
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<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:right;"><font style="font-size:10pt; ">September 04, 2018</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:left;"><font style="font-size:10pt; ">To Multiplus S.A. </font>
<br><font style="font-size:10pt; ">Alameda Xingu, 350, conjuntos 1501 to 1504, 1701 and 1702</font>
<br><font style="font-size:10pt; ">Condom&#237;nio iTower Iguatemi, Alphaville Empresarial e Industrial</font>
<font style="font-size:10pt; ">Zip Code 06455-911 Alphaville, Barueri, S&#227;o Paulo</font></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 0.5in; text-align: left"><font style="font-size: 10pt">C/O:</font></td><td style="text-align: justify"><font style="font-size: 10pt">Members
of the Board of Directors</font></td>
</tr></table>
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<td style="width: 0in"></td><td style="width: 0.5in; text-align: left"></td><td style="text-align: justify">Roberto Jos&#x00E9;
                                         Maris de Medeiros<br> <i>Chief Executive Officer</i></td>
</tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; font-style: italic; font-family: Times New Roman, Times, Serif; font-size: 10pt; text-indent: 0.5in"></p>

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<td style="width: 0in"></td><td style="width: 0.5in; text-align: left"></td><td style="text-align: justify">Ronald Domingues <br><i>Chief
                                         Financial Officer and Investor Relations Offi<font style="font-weight: normal">cer</font></i>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;</td>
</tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"></p>

<p style="font: normal 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt"><b>Re.:
Notice of Intention Not to Extend or Renew the Operational Agreement and to Carry Out a Unified Public Offering for Acquisition
of Multiplus S.A. Common Shares for Cancellation of Registration of Publicly-Held Company and Delisting from  <i>Novo Mercado</i>
Listing Segment</b></font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Dear Sirs,</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">TAM Linhas A&#x00E9;reas S.A, a company duly organized and existing under the laws of Brazil, headquartered at Rua Verbo Divino, 2001, 3</font><sup><font style="font-size:10pt; ">rd</font></sup><font style="font-size:10pt; "> floor, in the City of S&#227;o Paulo, state of S&#227;o Paulo, enrolled in the National Register of Legal Entities (CNPJ/MF) under No. 02.012.862/0001-60 (&#x0093;Offeror&#x0094;), a company controlled by TAM S.A., holder of approximately 73% of Multiplus S.A. (&#x0093;Company&#x0094;) total and voting capital, comes hereby to inform you that </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> it does not intend to extend or renew the Operational Agreement (</font><i style="font-weight: normal;"><font style="font-size:10pt; ">Contrato Operacional</font></i><font style="font-size:10pt; ">) entered into with the Company and described in item 16.4 of the Company&#x2019;s Reference Form (</font><i style="font-weight: normal;"><font style="font-size:10pt; ">Formul&#225;rio de Refer&#234;ncia da Companhia</font></i><font style="font-size:10pt; ">) (&#x0093;</font><u><font style="font-size:10pt; ">Operational Agreement</font></u><font style="font-size:10pt; ">&#x0094;), and </font>
<i>
<b><font style="font-size:10pt; ">(ii) </font></b></i><font style="font-size:10pt; ">it intends to carry out a unified public offer for the acquisition of up to all the free float common shares issued by Company, for </font><i><b><font style="font-size:10pt; ">(a)</font></b></i><font style="font-size:10pt; "> cancellation of the registration of the Company as a publicly -held company at the Brazilian Securities Commission (&#x0093;</font><u><font style="font-size:10pt; ">CVM</font></u><font style="font-size:10pt; ">&#x0094;, &#x0093;</font><u><font style="font-size:10pt; ">Cancellation of Registration</font></u><font style="font-size:10pt; ">&#x0094; and &#x0093;</font><u><font style="font-size:10pt; ">Public Offering for Acquisition of Shares &#x2013; OPA aimed at Cancellation of Registration</font></u><font style="font-size:10pt; ">&#x0094;); and </font>
<i>
<b><font style="font-size:10pt; ">(b)</font></b></i><font style="font-size:10pt; "> delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> listing segment (&#x0093;</font><u><font style="font-size:10pt; ">Delisting from </font></u>
<i style="font-weight: normal;"><u><font style="font-size:10pt; ">Novo Mercado</font></u></i><font style="font-size:10pt; ">&#x0094; and &#x0093;</font><u><font style="font-size:10pt; ">OPA for Delisting from </font></u>
<i style="font-weight: normal;"><u><font style="font-size:10pt; ">Novo Mercado</font></u></i><font style="font-size:10pt; ">&#x0094; and, jointly with OPA for Cancellation of Registration&#x0094;, the &#x0093;</font><u><font style="font-size:10pt; ">Offer</font></u><font style="font-size:10pt; ">&#x0094;); pursuant to paragraph 4 of article 4 of Law No. 6,404 of December 15, 1976, as amended (&#x0093;</font><u><font style="font-size:10pt; ">Corporation Law</font></u><font style="font-size:10pt; ">&#x0094;), of CVM Instruction No. 361 of March 5, 2002, as amended (&#x0093;</font><u><font style="font-size:10pt; ">CVM Instruction 361</font></u><font style="font-size:10pt; ">&#x0094;), and in accordance with Sections I and II of Chapter II of </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules, in effect since January 2, 2018 (&#x0093;</font><i style="font-weight: normal;"><u><font style="font-size:10pt; ">Novo Mercado</font></u></i><u><font style="font-size:10pt; "> Rules</font></u><font style="font-size:10pt; ">&#x0094;).</font></p>
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<b>1.</b>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;
<b><font style="font-size:10pt; ">Operational Agreement executed between Offeror and Company</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">The Offeror informs you that it does not intend to extend or renew the Operational Agreement (</font><i style="font-weight: normal;"><font style="font-size:10pt; ">Contrato Operacional</font></i><font style="font-size:10pt; ">) entered into with the Company, which establishes the terms and conditions relating: </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> the continuity of enjoyment, by Offeror customers that participate in the loyalty program of the Company, of the benefits of the loyalty program through the use of points awarded thereto and </font>
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i><font style="font-size:10pt; "> the redemption of points by members of the loyalty program through </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Rede Multiplus</font></i><font style="font-size:10pt; ">, in addition to the conditions for marketing rights to redeem points, the purchase and sale of air tickets, the use of the database, the management of </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Programa LATAM Travel</font></i><font style="font-size:10pt; "> and respective remuneration thereof. The Operational Agreement entered into force on January 1, 2010 and has a period of validity of 15 years. In this context, the Offeror decided to also carry out the OPA for Cancellation of Registration and/or of the OPA for Delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; ">, the details of which are below.</font></p>
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<b>2.</b>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;
<b><font style="font-size:10pt; ">Shares Subject to the Offer</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Offeror agrees to acquire, under the Offer, up to the total amount of the common shares held by non-controlling shareholders of the Company (&#x0093;</font><u><font style="font-size:10pt; ">Free Float</font></u><font style="font-size:10pt; ">&#x0094;) and of the common shares held by the members of the senior management of the Company, if any, (jointly with the Free Float, &#x0093;</font><u><font style="font-size:10pt; ">Shares Subject to the Offer</font></u><font style="font-size:10pt; ">&#x0094;). The Shares Subject to the Offer do not include the common shares: </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> held by the controlling shareholder, and the persons connected thereto; and </font>
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i><font style="font-size:10pt; "> those held in treasury.</font></p>
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<b>3.</b>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;
<b><font style="font-size:10pt; ">Offer Conditions</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">According to article 16, II of CVM Ruling 361, the OPA for Cancellation of Registration will be subject to acceptance by Company shareholders that represent more than two-thirds (2/3) of the outstanding shares registered to the Offer auction (&#x0093;</font><u><font style="font-size:10pt; ">Auction</font></u><font style="font-size:10pt; ">&#x0094;), expressed through </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> the tender of the outstanding shares in the Offer; or </font>
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i><font style="font-size:10pt; "> the express agreement with the Cancellation of Registration, without tendering the outstanding shares in the Offer (&#x0093;</font><u><font style="font-size:10pt; ">Condition for Cancellation of Registration</font></u><font style="font-size:10pt; ">&#x0094;).</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">According to item 43, II of the </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules, the OPA for Delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> will be subject to acceptance by the Company&#x2019;s shareholders that represent more than one-third (1/3) of the outstanding shares registered to the Auction, expressed through </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> the tender of the outstanding shares in the Offer; or </font>
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i><font style="font-size:10pt; "> the express agreement with the delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; ">, without tendering the outstanding shares in the Offer (&#x0093;</font><u><font style="font-size:10pt; ">Condition for the Delisting from </font></u>
<i style="font-weight: normal;"><u><font style="font-size:10pt; ">Novo Mercado</font></u></i><font style="font-size:10pt; ">&#x0094;).</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">For purposes of the calculation of the Condition for Cancellation of Registration and the Condition for the Delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; ">, the term &#x0093;outstanding shares&#x0094; shall mean all the common shares issued by the Company, except for those held by the controlling shareholder, persons connected thereto, managers of the Company and those held in treasury, as per CVM Instruction 361.</font></p>
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<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">If the Condition for Cancellation of Registration does not occur, but the Condition for the Delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> occurs, Offeror, pursuant to item II of article 15 of CVM Ruling 361, will not proceed with the OPA for Cancellation of Registration, but will proceed with OPA for Delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; ">. In this case, therefore, the Company will remain registered at CVM as an issuer of category &#x0093;A&#x0094; securities, pursuant to CVM Instruction No. 480 of December 7, 2009, as amended, and the common shares issued thereby will then be traded at Basic segment (</font><i style="font-weight: normal;"><font style="font-size:10pt; ">segmento B&#225;sico</font></i><font style="font-size:10pt; ">) of </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">B3 S.A. &#x2013; Brasil, Bolsa, Balc&#227;o</font></i><font style="font-size:10pt; "> (&#x0093;</font><u><font style="font-size:10pt; ">B3</font></u><font style="font-size:10pt; ">&#x0094;), but, will no longer, as from the business day following the day on which the Auction was carried out, be subject to the rules of </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Other terms and conditions of the Offer will be duly and timely informed to the market in accordance with the applicable rules.</font></p>
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<b>4.</b>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;
<b><font style="font-size:10pt; ">Registration</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">According to article 9 of CVM Ruling 361, Offeror clarifies that the launch of the Offer and its effectiveness are subject to its registration with CVM, and the request for registration of the Offer will be filed at CVM within the period established by CVM Ruling 361.</font></p>
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<b>5.</b>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;
<b><font style="font-size:10pt; ">Share Price</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Offeror attributes to each Shares Subject to the Offer the amount of twenty-seven reais and twenty-two cents (R$ 27,22) per share (&#x0093;Share Price&#x0094;), which represents the dividend-adjusted volume weighted average share price of the Company over the last 90 days. The intended Share Price represents a 11.6% premium over the R$24.40 unaffected share price of the Company as of close of the market today. The Share Price may be adjusted, in accordance with the terms to be provided in the Public Notice, in the cases in which, between the date of disclosure of the material fact that gives notice of the Offer and the date of the Auction, </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> the Company makes the payment of dividends or interest under equity, or the common shares are traded ex-dividends or ex-interest, as the case may be; or </font>
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i><font style="font-size:10pt; "> the Company&#146;s capital stock is changed, by virtue of groupings or splits of share.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Due to the entry into force, since January 2, 2018, of the new </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules, which changed the requirements to be observed for the voluntary delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; ">, Offeror hereby informs that it is requesting, on this date, that the Board of Directors call an Extraordinary General Shareholders&#x2019; Meeting of the Company to resolve on the amendment to the Company&#146;s Bylaws, so as to make it compatible with the rules set out in the new </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules, so that they are already reflected into the Company&#x2019;s Bylaws at the time of issuance of the appraisal report of the fair market value of the Company, as required by paragraph 4 of article 4 of the Corporation Law (&#x0093;</font><u><font style="font-size:10pt; ">Appraisal Report</font></u><font style="font-size:10pt; ">&#x0094;) to be used in the context of the Offer.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Accordingly, Offeror informs that, in compliance with the procedures described in the Brazilian Corporations Law, CVM Instruction 361 and new </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules, it has retained Banco de Investimento Credit Suisse (Brasil) S.A. as the independent appraiser (&#x0093;</font><u><font style="font-size:10pt; ">Appraiser</font></u><font style="font-size:10pt; ">&#x0094;) to prepare the Appraisal Report, which will be duly made available to the shareholders and to the market in general as soon as it is issued by Appraiser.</font></p>
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<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Offeror also informs that the Offer will only be made if the amount corresponding to the minimum price range per share indicated in the Appraisal Report, in accordance with the valuation criteria considered by the Appraiser as the most adequate for the definition of the fair value of the Company, is equal to or lower than the Share Price. Nevertheless, Offeror reserves the right to, at any time and regardless of what is established by the Appraisal Report, evaluate whether the intention expressed in this correspondence must be kept, due to, for example, the market conditions or those related to the Company at the launch of the Offer.</font></p>
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<b>6.</b>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;
<b><font style="font-size:10pt; ">Justification of the Offer</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Offeror has been observing that, in the recent past, the market of fidelity programs in which the Company conducts its business faces constant challenges, that, in turn, demand growing efforts to maintain the Company&#x2019;s competitiveness. In this context, Offeror and the Company have been making coordinated efforts to sustain and improve the attractiveness of the Company&#x2019;s loyalty points program. Unfortunately, the limitations of the contractual relationship between the companies, and of the separate operational and corporate structures have proven to interfere with the ability to react rapidly and effectively, and have contributed to a loss of market share for the Company. In this sense, despite the fact that the Operating Agreement, in force since January 1, 2010, has been subject to several amendments that have sought to improve competitiveness, including most the recent reductions, on average, of 5% in domestic ticket prices and of 2% in international ticket prices offered by the Offeror, the decline in Company&#x2019;s market share unfortunately continued. Moreover, we have no reason to believe that this situation will change significantly in the future, and will continue to affect the Company. In this sense, the Offeror understands it must make certain changes in the Company&#x2019;s current business model and, therefore, intends </font>
<i>
<b><font style="font-size:10pt; ">(i)</font></b></i><font style="font-size:10pt; "> not to extend or renew the Operational Agreement, as mentioned above, and </font>
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i><font style="font-size:10pt; "> to promote the Cancellation of Registration and Delisting from Novo Mercado, seeking to further combine the businesses of both the Company and the Offeror; which will allow the Offeror to pursue to manage its own fully integrated frequent flyer and loyalty program in Brazil.</font></p>
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<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Offeror also clarifies that the Cancellation of Registration and the Delisting from </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> will result in benefits to Company and its minority shareholders, as expanded below. The Offer represents a liquidity opportunity for minority shareholders after the disclosure of the intention of the Offeror not to extend or renew the Operational Agreement. It minimizes the impact of such decision for the Company&#x2019;s shareholders and is the most viable solution to the Company&#x2019;s current challenges, which would be exacerbated without an operational agreement with the Offeror post January 1, 2025. In accordance with the provisions set out in the Brazilian Corporation Laws, CVM Instruction 361 and in </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules, a publicly-held company may only have its registration cancelled if offeror carries out a public offer for acquisition of shares at a fair market price, as determined in an appraisal report to be prepared by a specialized firm. In addition, it should be noted that the economic group of the Offeror intends to consolidate its position as shareholder in the Company. Thus, considering the percentage of shares currently held by affiliates of the Offeror, as well as the current percentage of free float (</font><i style="font-weight: normal;"><font style="font-size:10pt; ">a&#231;&#245;es em circula&#231;&#227;o</font></i><font style="font-size:10pt; ">) of the Company (too close to 25%), the minimum of 25% of free float required in </font>
<i style="font-weight: normal;"><font style="font-size:10pt; ">Novo Mercado</font></i><font style="font-size:10pt; "> Rules could be not kept after an increase of the position of the Offeror and not be achieved back in the subsequent eighteen (18) months, which would require a tender offer for delisting from the Novo Mercado to be launched. As regards the Cancellation of Registration, Offeror believes that such measure is in accordance with the interests of the Company, since, according to Offeror&#x2019;s viewpoint, the Company does not intend, in a near future, to access the stock market for the issuance of shares to finance its activities, and the maintenance of the registration as issuer of securities gives rise to a series of different types of costs that may be then allocated in the establishment of corporate purposes. It is important to notice that, in case the Public Offering for Acquisition of Shares &#x2013; OPA aimed at Cancellation of Registration is successful, the Offeror intends to shortly after promote a merger of the Company into the Offeror. In relation to Company&#146;s activities and its economic and financial performance, other than explained above, there is no foreseeable substantial changes that may be caused by the Offer and the possible Cancellation of Registration. Likewise, the Company&#146;s business plan does not contemplate any forecasts relating to other liquidity events that could be affected by the Offer. Considering the abovementioned justifications, Offeror believes that this Offer represents a liquidity event at a fair market value to the minority shareholders, as well as the possibility of reducing costs for the Company.</font></p>
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<b>7.</b>&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;&#x00a0;
<b><font style="font-size:10pt; ">Requests</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Therefore, in accordance with the applicable legislation, we hereby request that you:</font></p>
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<i>
<b><font style="font-size:10pt; ">(i)</font></b></i> immediately publish a material fact informing the shareholders and the market in general on Offeror&#x2019;s intentions expressed in this correspondence;</p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align: justify;font: 10pt Times New Roman, Times, Serif; margin-left: 35pt;">
<i>
<b><font style="font-size:10pt; ">(ii)</font></b></i> call the Company&#146;s shareholders, pursuant to the correspondence also sent by TAM S.A. to the members of the Board of Directors on this date, so that, at a general meeting, they resolve on the amendments to the Company&#146;s Bylaws to adapt it to the new
<i style="font-weight: normal;">Novo Mercado</i> Rules, in force since January 2, 2018; and</p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align: justify;font: 10pt Times New Roman, Times, Serif; margin-left: 35pt;">
<i>
<b><font style="font-size:10pt; ">(iii)</font></b></i> adopt all other measures necessary to enable the Offer to be carried out in accordance with applicable regulations, particularly the provision of the information requested by the Appraiser to prepare the Appraisal Report.</p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">Offeror will keep the Company&#146;s senior management and the market informed on developments in the matters dealt with herein.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:justify;"><font style="font-size:10pt; ">We are at your disposal to provide any further clarifications you may deemed necessary.</font></p>
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<p style="font: 10pt Times New Roman, Times, Serif; font-weight: normal; text-align:left;margin-top:0pt">
<font style="font-size:10pt; ">TAM Linhas A&#x00E9;reas S.A.</font></p>

<p style="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt">&nbsp;</p>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 4%; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 4%; margin-top: 0pt; margin-bottom: 0pt"><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>

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<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: September
    5, 2018</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><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: 10pt">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 1pt; border-bottom: #000000 1px solid; width: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Juan Carlos Mencio</FONT></TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Juan
                                    Carlos Mencio</FONT></P>


</TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VP
                                    Legal LATAM</FONT></P>


</TD></TR>
</TABLE>

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