Exhibit 99.1
Santiago, November 28, 2019
Mr.
Joaquín Cortez Huerta
President
Financial Markets Commission
Present
Ref. | Communication of Material Fact. |
Mr. President,
In accordance with the provisions of Articles 9 and 10 of Law 18,045 and the administrative norms of said Service, I inform you that on November 27, Banco Santander-Chile purchased shares owned by SK Bergé Financiamiento S.A. of Santander Consumer Chile S.A., which represented 49% of Santander Consumer Chile S.A., and 2% of the shares held by Banco Santander S.A of Santander Consumer Chile S.A.
As a result of this operation, Banco Santander Chile is owner of 51% of the total shares of the company Santander Consumer Chile S.A. which is now a supporting company and in accordance with Article 86 of Law 18,086, a subsidiary of Banco Santander-Chile
Sincerely,
Miguel Mata Huerta
Chief Executive Officer
C.c: Santiago Stock Exchange