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Summary/Agenda of the Meeting of the Board of Directors

Thursday, May 8, 2014
 
Completed

ITEM NO 1
Country CHILE AP088724XX
Request for FINAL COMMITMENT

Applicant LATAM AIRLINES GROUP S.A., Las Condes GS
Borrower SPV/LATAM AIRLINES GROUP S.A., Las Condes, Santiago
Buyer SPV/LATAM AIRLINES GROUP S.A., Las Condes, Santiago
End-user LATAM AIRLINES GROUP S.A., Las Condes GS
Exporter BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, Everett WA
Gtd Lndr CITIBANK, N.A., New York NY
Lessor SPV/LATAM AIRLINES GROUP S.A., Las Condes, Santiago
Lessee LATAM AIRLINES GROUP S.A., Las Condes GS

Project Name LATAM AIRLINES GROUP S.A.
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

ITEM NO 2 Request to sell 100% of the outstanding Saba loan balance of $43.7 million to an investor for a gross amount of $9.0 million.

CERTIFICATION FOR CLOSURE OF MEETING

I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, May 8, 2014, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Thursday, May 1, 2014

ITEM NO 1
Country CHILE AP088724XX
Request for FINAL COMMITMENT

Applicant LATAM AIRLINES GROUP S.A., Las Condes GS
Borrower SPV/LATAM AIRLINES GROUP S.A., Las Condes, Santiago
Buyer SPV/LATAM AIRLINES GROUP S.A., Las Condes, Santiago
End-user LATAM AIRLINES GROUP S.A., Las Condes GS
Exporter BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, Everett WA
Gtd Lndr CITIBANK, N.A., New York NY
Lessor SPV/LATAM AIRLINES GROUP S.A., Las Condes, Santiago
Lessee LATAM AIRLINES GROUP S.A., Las Condes GS
Project Name LATAM AIRLINES GROUP S.A.
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: TRANSACTION REFERED TO CONGRESS. Chairman Hochberg,
Director Mulvaney and Director Loui all voted in favor of the referral.

ITEM NO 2 Request to sell 100% of the outstanding Saba loan balance of $43.7 million to an investor for a gross amount of $9.0 million.
Board Decision: REQUEST APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the request.