Banco Santander Chile Proposes a Dividend of Ch$0.985 per Share.

PR Newswire Europe, April, 2007

SANTIAGO, Chile, April 12 /PRNewswire/ --

Banco Santander Chile (1), at the Shareholders' Meeting to be held on April 24, 2007 will ask shareholders to approve a dividend of Ch$0.985 per share (2), which if approved, will be paid in Chile beginning on April 26, 2007. The record date will be April 20, 2007. The ex-dividend date on the NYSE will be April 18, 2007 and April 23, 2007 in Chile. This dividend corresponds to 65% of 2006 earnings and represents a 19% increase over the dividend paid in 2006.

The net dividend payable after withholding tax will be the following:

Amount per share

(Chilean pesos)

Gross Dividend...

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