<SEC-DOCUMENT>0001144204-14-052565.txt : 20140827
<SEC-HEADER>0001144204-14-052565.hdr.sgml : 20140827
<ACCEPTANCE-DATETIME>20140826203104
ACCESSION NUMBER:		0001144204-14-052565
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140826
FILED AS OF DATE:		20140827
DATE AS OF CHANGE:		20140826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMICAL & MINING CO OF CHILE INC
		CENTRAL INDEX KEY:			0000909037
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			F3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-65728
		FILM NUMBER:		141066323

	BUSINESS ADDRESS:	
		STREET 1:		EL TROVADOR 4285, 6TH FLOOR
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		5624252485
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>v387809_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">Form 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">For the month of August, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">Commission File Number 33-65728</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center"><U>CHEMICAL AND MINING COMPANY
OF CHILE INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">(Translation of registrant&rsquo;s
name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center"><U>El Trovador 4285, Santiago,
Chile (562) 2425-2000</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">(Address of principal executive
office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Form 20-F:_<U>X_</U> Form 40-F</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Note: Regulation S-T Rule 101(b)(1) only permits
the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Note: Regulation S-T Rule 101(b)(7) only permits
the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized
(the registrant&rsquo;s &ldquo;home country&rdquo;), or under the rules of the home country exchange on which the registrant&rsquo;s
securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed
to the registrant&rsquo;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission
or other Commission filing on EDGAR.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="6" STYLE="vertical-align: top; width: 49%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #004600"><B>SQM </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600">Los Militares 4290 Piso
        6,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600">Las Condes, Santiago, Chile</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600">Tel: (56 2) 2425 2485</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600">Fax: (56 2) 2425 2493</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #004600">www.sqm.com</FONT><I>
        </I></P></TD>
    <TD ROWSPAN="6" STYLE="vertical-align: top; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: right">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Santiago, Chile. August 26, 2014.- </B>Sociedad
Qu&iacute;mica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today <B>earnings for the
six months ended June 30, 2014</B> of US$152.1 million (US$0.58 per ADR), a decrease from US$259.2 million (US$0.98 per ADR) for
the six months ended June 30, 2013. <B>Gross Margin<SUP>2</SUP></B> reached US$300.2 million (28.4% of revenues) for the six months
ended June 30, 2014, lower than US$426.7 million (35.9% of revenues) recorded for the six months ended June 30, 2013. <B>Revenues</B>
totaled US$1,056.4 million for the six months ended June 30, 2014, representing a decrease of 11.2% compared to US$1,189.9 million
reported for the six months ended June 30, 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company also announced earnings for
the second quarter of 2014, <B>reporting net income</B> of US$71.1 million (US$0.27 per ADR) compared to US$107.4 million (US$0.41
per ADR) for the second quarter of 2013. <B>Gross Margin</B> for the second quarter of 2014 reached US$145.3 million, lower than
the US$187.8 million recorded for the second quarter of 2013. <B>Revenues</B> totaled US$522.3 million, a decrease of approximately
7.8% compared to the second quarter of 2013, when revenues amounted to US$566.5 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SQM&rsquo;s Chief Executive Officer, Patricio
Contesse, stated, &ldquo;The first half of 2014 has presented us with significant challenges within both the fertilizer and chemical
markets. In the potash market, prices were over 20% lower than prices seen during the first half of last year; however,
prices stabilized during the second quarter of 2014. We are seeing signs that prices may begin to recover in the coming months,
and we expect SQM&rsquo;s sales volumes to be higher than the ones seen in 2013. In any case our cost position allows us to remain
very competitive in this market. In our specialty plant nutrition business line, we see demand growth and remain optimistic about
our strong position in the potassium nitrate market.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;While demand growth in the
iodine market looks slightly stronger than demand growth seen in 2013, prices are decreasing. Prices for the first half of
2014 were almost 20% lower than average prices seen during the second half of 2013. As stated on the first quarter conference
call, we are striving to get back to approximately 30% market share levels in the iodine market in the medium term. The
lithium market demand growth is expected to reach 10% in 2014 &ndash; we also look forward to higher volumes this year
compared to last year.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We continue to work diligently on
our cost reduction efforts, and look to finish the year with over US$60 million in cost savings. Finally, and most importantly,
we continue to analyze our strategy in each of the markets in which we sell to maximize our long-term value.&rdquo;</P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Specialty Plant Nutrition (SPN)</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenues from our Specialty Plant Nutrition
business line for the six months ended June 30, 2014 totaled US$379.5 million, an increase of about 0.2% compared to the US$378.6
million reported for the six months ended June 30, 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Second quarter 2014 revenues reached US$187.1
million, 2.9% higher than US$181.8 million reported in the second quarter of 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Specialty Plant Nutrition Sales Volumes
and Revenues (six months ended June 30):</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td nowrap style="width: 48%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 12%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 10%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 8%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td>
    <td nowrap colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 30.1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014/2013</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Sodium Nitrate</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12.3</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">18.4</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-6.0</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-33%</font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Potassium Nitrate and Sodium Potassium Nitrate</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">303.8</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">312.0</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-8.2</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-3%</font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Specialty Blends</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">82.8</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">74.8</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8.0</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">11%</font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other specialty plant nutrients (*)</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">51.9</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">52.2</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-0.3</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-1%</font></td></tr>
<tr>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Specialty Plant Nutrition Revenues</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>MUS$</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>379.5</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>378.6</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>0.9</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>0%</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">*Includes trading of other specialty fertilizers.</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sales volumes for the first six months
of 2014 decreased 1.4% compared to sales volumes reported during the first six months of 2013. Sales volumes in this business
line increased 0.4% during the second quarter of 2014 when compared with sales volumes in the second quarter of 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SPN <B>gross profit</B> accounted for approximately
28% of SQM&rsquo;s consolidated gross margin for the six months ended June 30, 2014.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenues from sales of iodine and derivatives
during the six months ended June 30, 2014 totaled US$183.3 million, a decrease of 28.0% compared to US$254.6 million reported for
the six months ended June 30, 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Iodine and derivatives revenues for the
second quarter of 2014 amounted to US$92.1 million, a decrease of 13.7% compared to US$106.7 million recorded during the second
quarter of 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Iodine and Derivative Sales Volumes
and Revenues (six months ended June 30):</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td nowrap style="width: 2%; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 48%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 10%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 10%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 8%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr>
    <td nowrap style="vertical-align: bottom; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td>
    <td nowrap colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 30.1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014/2013</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Iodine and Derivatives</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.54</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.95</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-0.42</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-8%</font></td></tr>
<tr>
    <td nowrap style="vertical-align: bottom; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Iodine and Derivatives Revenues </b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>MUS$</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>183.3</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>254.6</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>-71.3</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>-28%</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lower revenues in this business line for
the six months ended June 30, 2014 compared to the same period in 2013 were a result of lower sales volumes and lower average prices.
Sales volumes decreased just over 8%, and prices decreased approximately 20%, averaging US$40/kg for the six months ended June
30, 2014. However, we have been able to lower iodine costs: we expect average costs for iodine during 2014 to be 5-10% lower than
average costs seen during 2013, and we expect to continue lowering costs during 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the past 12 months, we have seen new
supply enter the market from Chilean competitors. We will work to recapture our market share in the coming quarters, and despite
stable demand growth, market prices could reflect these efforts. On the demand side, as in recent years, growth continues to be
led by X-ray contrast media, LCD, and pharmaceuticals.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Gross profit</B> for the Iodine and
Derivatives segment accounted for approximately 27% of SQM&rsquo;s consolidated gross margin for the six months ended June 30,
2014.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.15in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenues for lithium and derivatives totaled
US$104.1 million during the six months ended June 30, 2014, an increase of 12.8% compared to US$92.4 million recorded for the six
months ended June 30, 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenues for lithium and derivatives increased
approximately 3.0% during the second quarter of 2014 compared to the second quarter of 2013. Total revenues amounted to US$52.0
million during the second quarter of 2014, compared to US$50.5 million in the second quarter of 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Lithium and Derivatives Sales Volumes
and Revenues (six months ended June 30):</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td nowrap style="width: 48%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 12%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 10%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 8%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td>
    <td nowrap colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 30.1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014/2013</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Lithium and Derivatives</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">19.6</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">16.7</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.9</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">17%</font></td></tr>
<tr>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Lithium and Derivatives Revenues </b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>MUS$</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>104.1</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>92.4</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>11.7</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>13%</b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Demand in the lithium market has been
very strong during the first part of 2014, and it is expected to increase approximately 10% in 2014 compared to 2013. This demand
is still predominately led by uses related to lithium batteries. Furthermore, while new supply projects have been announced in
the market, we did not see much new supply come online in the beginning part of the year. For that reason we saw a strong second
quarter. Revenues and volumes were up 13% and 17% respectively for the six months ended June 30, 2014.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As anticipated, prices in
this business line fell about 8% during the second quarter of 2014 when compared to prices seen during the first quarter of the
same year. We expect prices to remain relatively flat for the remainder of 2014.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In other news related to lithium, we have
been invited to actively participate in the commission created by the Mining Minister to evaluate the future of lithium mining
in Chile. We believe our experience in the lithium business will be very valuable to the discussion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Gross profit</B> for the Lithium and
Derivatives segment accounted for approximately 15% of SQM&rsquo;s consolidated gross margin for the six months ended June 30,
2014.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Potassium: Potassium Chloride &amp;
Potassium Sulfate (MOP &amp; SOP)</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Potassium chloride and potassium sulfate
revenues for the six months ended June 30, 2014 totaled US$299.6 million, a 5.5% decrease compared to the six months ended June
30, 2013, when revenues amounted to US$317.0 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Potassium chloride and potassium sulfate
revenues decreased 10.0% in the second quarter of 2014, reaching US$147.7 million, compared to US$164.1 million for the second
quarter of 2013.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Potassium Chloride &amp; Potassium Sulfate
Sales Volumes and Revenues (six months ended June 30):</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td nowrap style="width: 51%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 10%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 9%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 8%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td>
    <td nowrap colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 30.1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014/2013</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Potassium Chloride and Potassium Sulfate</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">837.7</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">681.3</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">156.4</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">23%</font></td></tr>
<tr>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Potassium Chloride and Potassium Sulfate Revenues </b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>MUS$</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>299.6</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>317.0</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>-17.4</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>-5%</b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The potassium chloride market continues
to see strong demand growth compared to last year, and it is expected that demand will reach 55-57 million metric tons during 2014.
Prices in the potassium chloride market spiked down during the second half of 2013. SQM was not immune to lower prices impacting
the potassium chloride market, and saw prices decrease over 20% during the six months ended June 30, 2014 when compared to June
30, 2013. In recent months, we have seen prices slightly increase in Brazil, our most important market, and are hopeful that pricing
trend could continue in coming quarters.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sales volumes were 23% higher when comparing
the same six month period. It is expected that volumes for this year will surpass volumes seen in 2013. At the same time, this
business line has benefited from company-wide cost reduction efforts.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Gross profit</B> for potassium chloride
and potassium sulfate accounted for approximately 22% of SQM&rsquo;s consolidated gross margin for the six months ended June 30,
2014.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Industrial chemicals revenues for the six
months ended June 30, 2014 reached US$60.6 million, 44.8% lower than US$109.8 million recorded for the six months ended June 30,
2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenues for the second quarter of 2014
totaled US$26.6 million, a decrease of 31.7% compared to the revenue figures for second quarter of 2013 of US$38.9 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Industrial Chemicals Sales Volumes and
Revenues (six months ended June 30):</B></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td nowrap style="width: 48%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 12%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 11%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 10%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 8%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td>
    <td nowrap colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 30.1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014/2013</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Industrial Nitrates</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">73.4</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">121.3</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-47.9</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-40%</font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Boric Acid</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Th. MT</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.3</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.7</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-0.4</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-58%</font></td></tr>
<tr>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Industrial Chemicals Revenues</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>MUS$</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>60.6</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>109.8</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>-49.2</b></font></td>
    <td nowrap style="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>-45%</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is expected that solar salt<SUP>3</SUP>
sales volumes during 2014 will be significantly less than sales volumes seen during 2013. This reduction in sales volumes can be
seen in the revenues and volumes seen in the industrial chemical business line during the six months ended June 30, 2014. Sales
volumes for this period fell over 39%, which had an impact on revenues.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Going forward, SQM has closed supply agreements
of solar salts for approximately 240,000 metric tons to be supplied to four new projects in Africa and Latin America between 2015
and 2017. The majority of these volumes are expected to be recorded during the latter two years of that period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The industrial chemicals market related
to traditional uses continues to see growth rates of 2-3%. However, demand growth related to explosives in Latin America is growing
at rates closer to 5%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Gross profit</B> for the Industrial
Chemicals segment accounted for approximately 8% of SQM&rsquo;s consolidated gross margin for the six months ended June 30, 2014.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Other Commodity Fertilizers &amp; Other
Income</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenues from sales of other commodity
fertilizers and other income reached US$29.2 million in the six months ended June 30, 2014, down from US$37.4 million for the six
months ended June 30, 2013.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">As part of its
ongoing metals exploration program, which takes place within its caliche mining concessions, SQM continues to develop a program
of exploration alliances with third parties, through option contracts. The contracts consider an SQM sharing mechanism through
minority participation and/or royalties on sales. To date in 2014, three new option contracts have been signed, bringing the current
total to 12. The company&rsquo;s objectives are to achieve and maintain close to 1 million hectares under exploration alliances
and establish a projected exploration investment of $20 to $30 million per year through existing and future exploration alliances.
The direct investment by SQM in the exploration program, between 2011 and 2013 was approximately US$29 million, including exploration
in <I>greenfield</I> areas and other areas of interest, while a total investment of US$5 million is expected for the current year.</P>



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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">After several years of significant investment,
we have reached the capacity levels in which we set out to achieve. In the short term, SQM has plans to reduce its capital expenditure
plan to less than amounts invested in recent years. Capex for 2014 is expected to reach approximately US$150 million, of which
approximately 65% will be related to maintenance and 35% will be related to expansion and exploration. By the end of 2014 we will
terminate our major potassium projects in the Salar de Atacama, reaching 2.3 million tons of KCL equivalent production per year.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Administrative expenses totaled US$44.8
million (4.2% of revenues) for the six months ended June 30, 2014, compared to US$50.7 million (4.3% of revenues) recorded during
the six months ended June 30, 2013.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Net financial expenses for the six months
ended June 30, 2014 were US$24.2 million, compared to US$20.0 million recorded for the six months ended June 30, 2013.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the first half of 2013, income tax
expense reached US$57.7 million for the six months ended June 30, 2014, representing an effective tax rate of 27.3%, compared to
an income tax expense of US$80.1 million during the six months ended June 30, 2013. The Chilean corporate tax rate was 20% during
both periods.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The EBITDA margin was approximately 35%
for the six months ended June 30, 2014. EBITDA margins for six months ended June 30, 2013 were approximately 36%.</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt">1)</TD><TD STYLE="text-align: justify">Net Income refers to the Comprehensive income attributable to Controlling Interests.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt">2)</TD><TD STYLE="text-align: justify">Gross margin corresponds to consolidated revenues less total costs, including depreciation and
amortization and excluding sales and administration expenses.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 18pt">3)</TD><TD STYLE="text-align: justify">Solar salts are a mix of 60% sodium nitrate and 40% potassium nitrate used for thermal energy storage</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-align: justify">A significant portion of SQM&rsquo;s
costs of goods sold are costs related to common productive processes (mining. crushing. leaching. etc.) which are distributed among
the different final products. To estimate gross margins by business lines in both periods covered by this report, the Company employed
similar criteria on the allocation of common costs to the different business areas. This gross margin distribution should be used
only as a general and approximated reference of the margins by business line.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SQM is an integrated producer and distributor
of specialty plant nutrients, iodine, lithium, potassium-related fertilizers and industrial chemicals. Its products are based on
the development of high quality natural resources that allow the Company to be a leader in costs, supported by a specialized international
network with sales in over 115 countries. SQM&rsquo;s development strategy aims to maintain and strengthen the Company&rsquo;s
position in each of its businesses.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The leadership strategy is based on the
Company&rsquo;s competitive advantages and on the sustainable growth of the different markets in which it participates. SQM&rsquo;s
main competitive advantages in its different businesses include:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Low production costs based on vast and high quality natural resources;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Know-how and its own technological developments in its various production processes;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Logistics infrastructure and high production levels that allow SQM to have low distribution costs;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">High market share in all its core products;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">International sales network with offices in 20 countries and sales in over 115 countries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Synergies from the production of multiple products that are obtained from the same two natural
resources;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Continuous new product development according to the specific needs of its different customers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Conservative and solid financial position.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gerardo Illanes 56-2-24252022 / <FONT STYLE="font-family: Times New Roman, Times, Serif; color: Blue"><U>gerardo.illanes@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kelly O&rsquo;Brien. 56-2-24252074 / <FONT STYLE="color: Blue"><U>kelly.obrien@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Carolyn McKenzie 56-2-24252280 / <FONT STYLE="color: Blue"><U>carolyn.mckenzie@sqm.com</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For media inquiries, contact: Rosalia
Vera / <FONT STYLE="color: Blue"><U>rvera@imaginaccion.cl</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Cautionary Note Regarding Forward-Looking
Statements</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This news release contains &ldquo;forward-looking
statements&rdquo; within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as: &ldquo;anticipate,&rdquo; &ldquo;plan,&rdquo; &ldquo;believe,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;strategy,&rdquo; &ldquo;should,&rdquo; &ldquo;will&rdquo; and similar references
to future periods. Examples of forward-looking statements include, among others, statements we make concerning the Company&rsquo;s
business outlook, future economic performance, anticipated profitability, revenues, expenses, or other financial items, anticipated
cost synergies and product or service line growth.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Forward-looking statements are neither
historical facts nor assurances of future performance. Instead, they are estimates that reflect the best judgment of SQM management
based on currently available information. Because forward-looking statements relate to the future, they involve a number of risks,
uncertainties and other factors that are outside of our control and could cause actual results to differ materially from those
stated in such statements. Therefore, you should not rely on any of these forward-looking statements. Readers are referred to the
documents filed by SQM with the United States Securities and Exchange Commission, specifically the most recent annual report on
Form 20-F, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking
statements. All forward-looking statements are based on information available to SQM on the date hereof and SQM assumes no obligation
to update such statements, whether as a result of new information, future developments or otherwise.</P>


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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td nowrap colspan="5" style="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balance Sheet</b></font></td></tr>
<tr style="vertical-align: top">
    <td nowrap style="width: 64%; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 18pt">&nbsp;</td>
    <td nowrap style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="width: 1%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 18pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><i>(US$ Millions)</i></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>As of Jun. 30</i></b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>As of Dec. 31</i></b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td nowrap colspan="2" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total Current Assets</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,460.3</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,455.0</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Cash and cash equivalents</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">545.4</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">476.6</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Other current financial assets</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">451.2</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">460.2</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Accounts receivable (1)</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">508.8</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">459.0</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Inventory</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">893.2</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">955.5</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Others</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">61.7</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">103.7</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total Non-current Assets</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,227.7</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,312.6</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Other non-current financial assets</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Investments in related companies</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">78.3</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">77.0</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Property, plant and equipment</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,969.3</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,054.4</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;Other Non-current Assets</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">180.0</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">181.1</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif"><b>Total Assets</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif"><b>4,688.0</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif"><b>4,767.6</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total Current Liabilities</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>582.5</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>722.6</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term debt</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">216.3</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">401.4</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">366.2</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">321.2</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total Long-Term Liabilities</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,593.4</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,612.7</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,391.6</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,417.4</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">201.8</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">195.3</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Shareholders' Equity before Minority Interest</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,456.4</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,376.6</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Minority Interest</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">55.6</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">55.6</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Total Shareholders' Equity</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,512.0</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,432.2</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif"><b>Total Liabilities &amp; Shareholders' Equity</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif"><b>4,688.0</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-family: Times New Roman, Times, Serif"><b>4,767.6</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Liquidity (2)</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>4.2</b></font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>3.4</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1) Accounts receivable + accounts receivable from related co.</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2) Current assets / current liabilities</font></td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td nowrap style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap colspan="4" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 12pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income Statement</b></font></td>
    <td nowrap style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 12pt; text-align: center">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 12pt; text-align: center">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 12pt; text-align: center">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 12pt; text-align: center">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 12pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td colspan="4" rowspan="2" style="border-right: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>For the first half</i></b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><i>(US$ Millions)</i></font></td>
    <td nowrap colspan="4" style="border-right: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>For the 2nd quarter</i></b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td nowrap colspan="2" style="border-right: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td>
    <td nowrap colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td>
    <td nowrap colspan="2" style="border-right: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="width: 1%; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 50%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 1%; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="width: 1%; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenues</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>522.3</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>566.4</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,056.3</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,189.9</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr>
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 12pt; text-align: center">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Specialty Plant Nutrition*</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">187.1 </font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">181.8 </font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">379.5 </font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">378.6 </font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr>
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Iodine and Iodine Derivatives</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92.1</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">106.7</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">183.3</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">254.6</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr>
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Lithium and Lithium Derivatives</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">52.0</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">50.5</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">104.1</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">92.4</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr>
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Industrial Chemicals</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">26.6</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">38.9</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">60.6</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">109.8</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr>
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Potassium Chloride &amp; Potassium Sulfate</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">147.7</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">164.1</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">299.6</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">317.0</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr>
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Other Income</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">16.8</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">24.4</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">29.2</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">37.4</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cost of Goods Sold</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(320.1)</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(325.9)</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(640.0)</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(658.9)</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Depreciation and Amortization</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(56.9)</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(52.7)</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(116.2)</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(104.3)</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross Margin</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>145.3</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>187.8</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>300.2</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>426.7</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Administrative Expenses</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(23.5)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(27.4)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(44.8)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(50.7)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial Expenses</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(15.1)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(14.3)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(30.9)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(27.4)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial Income</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3.7</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3.0</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">6.7</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7.4</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Exchange Difference</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(2.6)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(4.1)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(4.3)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(8.8)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(6.9)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(2.0)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(15.3)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(5.4)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income Before Taxes</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>100.9</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>143.0</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>211.6</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>341.8</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income Tax</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(28.8)</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(34.0)</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(57.7)</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>(80.1)</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net Income before minority interest</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>72.1</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>109.0</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>153.8</b></font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>261.6</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Minority Interest</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1.0)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1.6)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1.8)</font></td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(2.4)</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net Income</b></font></td>
    <td nowrap style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>71.1</b></font></td>
    <td nowrap style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>107.4</b></font></td>
    <td nowrap style="border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>152.1</b></font></td>
    <td nowrap style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td>
    <td nowrap style="border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>259.2</b></font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Net Income per Share (US$)</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.27</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.41</font></td>
    <td nowrap style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.58</font></td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.98</font></td>
    <td nowrap style="border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td nowrap style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</td>
    <td nowrap style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td></tr>
<tr>
    <td nowrap style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td nowrap style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">*Includes other specialty fertilizers</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.85pt 0pt 0; text-align: right; text-indent: 0.5in"><U>CHEMICAL
AND MINING COMPANY OF CHILE INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">(Registrant)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: August 26, 2014 &#9; &#9;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.85pt 0pt 0; text-align: right">CFO &amp; Vice-President of Development</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.85pt 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Persons who are to respond to the collection
of information contained SEC 1815 (04-09) in this<BR>
form are not required to respond unless the form displays currently valid OMB
control number.</B></P>

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

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

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



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

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