LATAM AIRLINES GROUP S.A. Informs About the Series G Bonds Conversion Collective Option

Dear Participants,

Depósito Central de Valores (DCV) informs you that, regarding the provisions of letter /e/, number Four, clause Seven of the fixed amount convertible bonds series G, H, and I issuance agreement of LATAM Airlines Group S.A. (hereinafter, the "Issuer") registered in public deed, on July 7, 2022, under registry number 10819.-2022, amended by: (i) public deed on August 16, 2022, under registry number 13419-2022; and (ii) public deed on September 7, 2022, under registry number 14987-2022, all registered at the Notary of Santiago of Mr. Eduardo Diez Morello, which was registered in the Securities Register administered by the Financial Market Commission under No. 1116 on September 2, 2022 (hereinafter, the "Issuance Agreement," and the series G bonds chargeable to the same, the "Series G convertible bonds"), we inform you about the following:

1. To date, the holders of Series G convertible bonds have exercised the individual conversion option considered in letter /a/, number Four, clause Seven of the Issuance Agreement, for the Series G Convertible Bonds, representing more than 50% of all the Series G Convertible Bonds, thus reaching the Collective Option Percentage.
2. Given the above, the collective conversion option considered in the Issuance Agreement has been made effective on this date. Therefore, the remainder of the Series G convertible bonds will be automatically converted as per the terms established in the Issuance Agreement. For that, the Issuer will make the corresponding notes in the registers (including registering the holders of Series G convertible bonds as shareholders in the Issuer's shareholders' register) by the second Business Day after the date of this communication, upon the credit to be made by DCV in the DCV account informed by the Issuer, of the Holdings of the Series G Convertible Bonds that will be converted into shares; or upon the delivery of the certificate of the corresponding Series G Convertible Bond to be converted, if it is materialized.

Due to the above, we request, with effect from the date hereof, to implement the collective conversion option of the Series G Convertible Bonds as considered in the Issuance Agreement upon the credit of the Holdings of those Series G Convertible Bonds to be converted in account 12006 of DCV under the name of Larrain Vial S.A. Corredora de Bolsa.

Finally, the capitalized terms not expressly defined in this communication will have the meaning assigned to them in the Issuance Agreement.

LATAM Airlines Group S.A. Series G Convertible
Bonds Collective Conversion Option

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For more information, please contact
the Shareholders' Service Department.

Kind regards,
DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES