LATAM announces launch of underwritten offering

LATAM Airlines Group S.A. (“LATAM” or the “Company”) today announced that certain of its shareholders (the “Selling Shareholders”) launched a public offering to sell 19,000,000 American Depositary Shares (the “ADSs”), each representing 2,000 common shares of LATAM. In addition, the Selling Shareholders intend to grant to the underwriters a 30-day option to purchase up to an additional 2,850,000 ADSs at the initial public offering price. LATAM will not receive any proceeds from the sale of ADSs by the selling shareholders.

As reported in material facts dated April 3, 2024, and July 2, 2024, the Company is currently in the process of reopening and relisting its ADR program on the New York Stock Exchange (“NYSE”) under the ticker symbol “LTM” and expects to list on the NYSE on or about July 25, 2024, subject to, among other items, pricing of the offering described above and final board approval.

Goldman Sachs & Co. LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC are acting as global coordinators and bookrunners. Citigroup Global Markets Inc., Santander US Capital Markets LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., MUFG Securities Americas Inc., Natixis Securities Americas LLC and LarraínVial Securities US, LLC are acting as additional bookrunners. Morgan Stanley & Co. LLC is acting as a co-manager.

A registration statement on Form F-3, including a prospectus, relating to the ADSs was filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 18, 2024 and became effectively automatically.

The proposed offering will be made by means of the prospectus in the registration statement and a prospectus supplement. You may access these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and the preliminary prospectus supplement may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at 1-866-471-2526; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: [email protected], telephone: (888) 603-5847; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected]."