Libano Barroso leaves position as CFO of LATAM Airlines Group

Santiago, August 3, 2012 - LATAM Airlines Group S.A. ("LATAM Airlines Group" or the "Company") (NYSE: LFL / IPSA: LAN / Bovespa: LATM11), the leading passenger and cargo airline group in Latin America, announces that as of today Mr.Libano Barroso has left his position as Chief Financial Officer of LATAM Airlines Group. Mr. Barroso will remain as Vicepresident of TAM S.A., advising the Chief Executive Officer of TAM S.A., Mr. Marco Bologna.

Mr. Alejandro de la Fuente will become interim CFO of LATAM Airlines Group. Mr. De la Fuente has been CFO of LAN Airlines since 1995, position in which he has been responsible for corporate financing, treasury, accounting, tax planning and investor relations, among others.

About LATAM Airlines Group S.A

LATAM Airlines Group S.A. is the new name given to LATAM Airlines S.A. as a result of its association with TAM S.A. LATAM Airlines Group S.A. now includes LATAM Airlines and its affiliates in Peru, Argentina, Colombia and Ecuador, and LATAM Cargo and its affiliates, as well as TAM S.A. and its subsidiaries TAM LinhasAereas S.A., including its business units TAM TransportesAereos del Mercosur S.A., TAM Airlines (Paraguay) and Multiplus S.A. This association creates one of the largest airline groups in the world in terms of network connections, providing passenger transport services to about 150 destinations in 22 countries and cargo services to about 169 destinations in 27 countries, with a fleet of 311 aircraft. In total, LATAM Airlines Group S.A. has more than 52,000 employees and its shares are traded in Santiago, as well as on the New York Stock Exchange, in the form of ADRs, and Sao Paulo Stock Exchange, in the form of BDRs.

Each airline will continue to operate under their current brands and identities. For any inquiry of LATAM or TAM, please visit www.LATAM.com or www.tam.com.br, respectively. Further information at www.latamairlinesgroup.net