LanChile Calls For Extraordinary Shareholder Meeting

LanChile S.A., (“LanChile” or “the Company”) (NYSE: LFL) Chile’s largest domestic and international airline, today announced that it is calling for an extraordinary Shareholders’ Meeting to be held September 5, 2000 in order to approve a capital increase in the Chilean market which the Company estimates to be between US$60 to US$120 million.

The additional capital will be used to finance both the new Airbus A320 / A340 passenger fleet and the new Boeing 767-300 freighter fleet using a mixture of debt and equity.