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Disclaimer

This material has been prepared by Banco del Estado de Chile (the “Bank”) and it does not constitute an offering memorandum in whole or in part.

This material is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Likewise, it does not give and should not be treated as giving investment advice. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed in this material are subject to change without notice and the Bank and the initial purchasers are under no obligation to update or keep current the information contained herein. In addition, institutions mentioned in this material, their affiliates, agents, directors (or members of their directive board), partners and employees may make purchases and/or sales as principal or may act as market makers in connection with securities issued by the Bank and provide investment banking, financing or other services to the Bank.  The Bank, the initial purchasers and their respective affiliates, agents, directors (or members of their directive board), partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material.

This presentation may contain statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in these forward-looking statements, and may adversely affect the estimates and assumptions on which these forward-looking statements are based, many of which are beyond our control. You are cautioned not to place undue reliance on these forward-looking statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance and should only be viewed as historical data.

-    Furthermore, you should consult with your own legal, regulatory, tax, business, investment, financial and accounting advisers to the extent that you deem it necessary, and make your own investment, hedging and trading decision (including decisions regarding the suitability of any transaction) based upon your own judgment and advice from such advisers as you deem necessary and not upon any view expressed in this material.