Banco Santander Chile : UBS Latam Conference and JPMorgan Southern Cone & Andean Conference, June 2020

Banco Santander Chile Update

June 2020

Important information

Banco Santander Chile caution that this presentation contains forward looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: (1) general market, macro-economic, governmental and regulatory trends; (2) movements in local and international securities markets, currency exchange rates, and interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the financial position or credit worthiness of our customers, obligors and counterparties. The risk factors and other key factors that we have indicated in our past and future filings and reports, including those with the Securities and Exchange Commission of the United States of America, could adversely affect our business and financial performance.

Note: the information contained in this presentation is not audited and is presented in Chilean Bank GAAP which is similar to IFRS, but there are some differences. Please refer to our 2019 20-F filed with the SEC for an explanation of the differences between Chilean Bank GAAP and IFRS. Nevertheless, the consolidated accounts are prepared on the basis of generally accepted accounting principles. All figures presented are in nominal terms. Historical figures are not adjusted by inflation. Please note that this information is provided for comparative purposes only and that this restatement may undergo further changes during the year and, therefore, historical figures, including financial ratios, presented in this report may not be entirely comparable to future figures presented by the Bank.

AGENDA

COVID19: REGULATORY UPDATE

SAN CHILE: BALANCE SHEET

SAN CHILE: BUSINESS GROWTH AND RESULTS

So far mortality has been low in Chile

Number of cases

Fatality rate

10,000

Thousands(logscale)

1,000

100

10

1

0

World: 7.386

0

14

28

Commodities

42

56

70

84

98

112

126

140

Belgium France

Italy

United Kingdom

Mexico

Spain Sweden Canada Switzerland

US Japan Brazil

Denmark Germany

Poland Colombia Czechia

Peru South Korea

Chile New Zealand

Australia Singapore

Balance of trade

Source: John Hopkins University, CBCh and Santander

10 000

5 000

--5 000

-10 000

Economy affected by global uncertainty arising from Covid-19

Monthly economic activity (IMACEC)

GDP (Central Bank estimates)

Apr-18

MiningOct-18

Apr-19

Non miningOct-19 Apr-20Total activity

%

4.75/6.25

-7.5/-5.5

Inflation

Annual change in UF inflation, %

Central Bank interest rate

%, eof 2.75

2.9

2.7

2.7

Source: Banco Central de Chile and Santander Chile estimates

1.75