In accordance with the articles 9 and 10 of the Chilean Securities Market Law N° 18,045 and the Chapter N° 18-10 of the Updated Compilation of Rules for Banks informed that the extraordinary shareholder meeting held on this date approved the reduction of the number of members of the Board from eleven to seven and the reduction of the number of alternate members from two to one. The bylaws of Scotiabank Chile will be adjusted to reflect this reduction in the number of members of the Board, including voting turnout and quorum. This agreement will be contingent to the approval of the Comision Para el Mercado Financiero ("CMF" hereinafter) Additionally, the shareholders meeting appointed the following members of the Board: Raquel Costa and Thayde Olarte (Alternate Director).