LAN clarifies there is not a defined date for the conclusion of the merger with TAM

LAN clarifies there is not a defined date for the conclusion of the merger with TAM

Regarding recent newspaper publications announcing the merger process between LAN Airlines S.A. (“LAN”) and TAM S.A. would conclude on May 12th, 2012, LAN clarifies that it is not possible to state a precise date for the merger closing, given that the merger is currently subject to the registration of the exchange offer with Brazil’s Commisao de Valores Mobiliarios (CVM) and the Securities and Exchange Commission (“SEC”) in the U.S., as well as the registration with the Chilean Superintendencia de Valores y Seguros – SVS)  of the shares to be issued upon the merger of LAN with Sister Holdco S.A. and Holdco II S.A., two special purpose companies created exclusively for purposes of the merger between LAN and TAM S.A. (“TAM”), where shares of TAM will be held, directly or indirectly, prior to their consolidation into LAN, and where LAN will be the surviving entity.

LAN will publicly inform the date in which the exchange offer will commence, once all the required registrations are obtained, which it is expected to take place in the next weeks.

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