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LAN Announces Successful Completion of Equity Offering
Communiqué publié le 26/06/2007 à 15h50

LAN Airlines S.A. and its related companies, ("LAN" or "the Company") (NYSE: LFL / IPSA: LAN), today announced the successful completion of its equity offering, raising a total of US$320 million in the Chilean and United States markets.

The transaction was completed via a global offering and a subsequent rights offering in both Chile and the United States. As of the closing of the rights offering on June 17, 2007, only approximately 2.5% of the shares were remaining; these shares were sold yesterday in the Chilean market.

Through this offering the Company placed a total of 19,881,819 common shares, a 6.2% increase in its share count. With this, LAN's total shares outstanding amount to 338,790,909.

As approved by the Shareholders Meeting on April 5, 2007, an additional 2,209,091 common shares, equivalent to 10% of the total approved new share issuance, have not yet been placed and are reserved for a stock option plan for Company employees.

Mr. Alejandro de la Fuente, LAN's Chief Financial Officer stated, "The success of this offering is evidence of the market's confidence in LAN and its business plan. We are extremely pleased with its outcome and will continue to work hard to deliver results to our equity investors."

About LAN

LAN Airlines is one of the leading airlines in Latin America. "LAN" makes reference to the consolidated entity that includes LAN Airlines, LAN Express, LAN Peru, LAN Ecuador, and LAN Argentina, as well as LAN Cargo and its affiliates. The LAN Alliance serves 15 destinations in Chile, 12 destinations in Peru, 10 destinations in Argentina, two destinations in Ecuador, 15 destinations in other Latin American countries and the Caribbean, three destinations in the United States, two destinations in Europe and four destinations in the South Pacific, as well as 52 additional international destinations through its various code-share agreements. Currently, the LAN Alliance operates 70 passenger aircraft and 10 dedicated freighters.

LAN Airlines is a member of oneworld (TM), the world's leading global airline alliance. It has bilateral commercial agreements with oneworld partners American Airlines, British Airways, Iberia and Qantas, as well as with Alaska Airlines, AeroMexico, Mexicana, TAM and Korean Air. For more information visit www.lan.com or www.oneworldalliance.com.

Business Wire

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