Santiago, June 26, 2025 - LATAM Airlines Group S.A. informed the market that shareholders approved the second share repurchase program, as proposed by the Board of Directors at the Extraordinary Shareholders’ Meeting held today.

This program authorizes the repurchase of up to 3.4% of the outstanding shares, which corresponds to 20,550,887,837 shares, and will be effective for a period of 18 months from the date of the Extraordinary Shareholders’ Meeting.

The Shareholders’ Meeting also delegated to the Board of Directors the full authority to implement all matters concerning the execution of the repurchase plan, including the determination of purchase price. The repurchase plan should be carried out on Stock Exchanges through systems that allow the acquisition of shares on a pro rata basis or directly via open market purchases (“en rueda”), subject to the limit of daily and annual volume established by law.

In the case of open market purchases, the Board of Directors has been delegated the authority to acquire shares for an amount of up to 1% of the Company's share capital within any 12-months period, without the need to apply the pro rata procedure, under the terms provided in the aforementioned article 27 B.

In this regard, Roberto Alvo, CEO of LATAM Airlines Group, stated: “The strong results delivered by the Company enable us to return capital to shareholders, above the minimum legal dividend, while retaining resources for the group’s growth and strategic development”.