The board of directors of Latam Airlines Group S.A. announced that at the meeting of board of directors held on May 9, 2017, it has agreed to designate the director Mr. Ignacio Cueto Plaza as president of the Board of Directors of LATAM and the director Mr. Carlos Heller Solari as vice-president of the Board of Directors of LATAM. The board also agreed to designate the directors Mr. Georges de Bourguignon Arndt, Mr. Eduardo Novoa Castellón and Mr. Nicolás Eblen Hirmas as members of the Audit Committee of LATAM, all of them independent directors under Rule 10A-3 of the U.S. Securities Exchange Act of 1934 and the first two independent directors under Chilean Corporate Law.