Exhibit 99.1
Santiago, March 18, 2020
Mr.
Joaquín Cortez Huerta
President
Comisión para el Mercado Financiero (Financial Markets Commission)
Present
Ref.: Material Fact – Board of Directors Agreement, Dividend Proposal
Mr. President:
In accordance to what is established in Articles 9 and 10 of Law 18,045, we inform that in the ordinary session today, the Board ofBanco Santander - Chile agreed to summon the Ordinary Shareholder’s Meeting for Tuesday April 21st of the year 2020, with the purpose of addressing, among other issues, the proposal of distributing a dividend ofCh$ 1.75782621 per share, corresponding to 60% of net income attributable to shareholders for the year 2019.
The remaining 40% of net income will be destined to increase bank reserves.
| Sincerely, | |
| Miguel Mata Huerta | |
| CHIEF EXECUTIVE OFFICER |
C.c.: Bolsas de Valores.