The Board of Banco Santander Chile in the ordinary board session held on February 27, 2018, resolved that as a result of the resignation of the President of the Board, Mr. Vittorio Corbo Lioi on February 27, 2018, the Board has designated as his replacement as Board member and President of the Board of the company, Mr. Claudio Melandri Hinojosa, who will temporarily continue to act as CEO of the Bank until February 28, 2018, as permitted by Article 49 N°8 of the General Banking Law. The Board also named as Chief Executive Officer of the Bank as of March 1, 2018, Mr. Miguel Mata Huerta, who is currently Deputy General Manager of the Bank. The Board also agreed to eliminate the function of Deputy General Manager.