Update Banco Santander Chile

June 2021

Important information

Banco Santander Chile caution that this presentation contains forward looking statementswithin 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.

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AGENDA

MACRO & COVID-19 UPDATE

SAN CHILE: BALANCE SHEET AND RESULTS

SAN CHILE: STRATEGIC INITIATIVES UPDATE

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Macroeconomic environment

Despite recent surge in contagions, successful vaccination strategy reduces downside risks

New contagions (7 days rolling)

8,000

7,000

6,000

5,000

Rest of the

4,000

country

3,000

2,000

Metropolitan

1,000

area

0

abr-20jun-20ago-20oct-20dic-20feb-21abr-21jun-21

People vaccinated in Chile

(% of target population)

70

60

50

Only one

40

shot

30

20

10

Fully

0

vaccinated

ene-21

feb-21mar-21abr-21may-21jun-21

Population under full lockdown (%)

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

01-ago

01-oct

01-dic

01-feb

01-abr

01-jun

Daily contagions per million (7

Chile and Israel/ Contagions vs Vaccination

1200

1000

daysaverage)

800

Chile

400

Israel

600

200

0

0

10

20

30

40

50

60

70

Population fully vaccinated (%)

4 4

Source: Banco Central de Chile and Santander Chile estimates

Macroeconomic environment

Constitutional Convention: Strong showing for Independents

Participation: 43.4%

Main Issues to be Discussed

Political system

Social rights

Subsidiary role of the state

Autonomous bodies of the state

24%

16%

18%

7%

17%

17%

Center

Center

Left

right

left

Traditional parties

Independents

5 5

Source: Servel, Decide Chile and Santander

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Disclaimer

Banco Santander-Chile published this content on 27 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 17:18:28 UTC.