SANTIAGO, Chile, June 27 /PRNewswire-FirstCall/ -- Banco Santander Chile (NYSE: SAN) filed its Annual Report on Form 20-F for the year ended December 31, 2007, with the Securites and Exchange Commission ('SEC'). The 2007 Form 20-F includes audited consolidated financial statements of Banco Santander Chile and its subsidiaries at December 31, 2006 and 2007, and for the years ended December 31, 2005, 2006 and 2007 under Chilean GAAP, including a reconciliation of Chilean GAAP to U.S. GAAP for net income and shareholders' equity.

The 2007 Form 20-F can be downloaded from the SEC website www.sec.gov and can also be found at Banco Santander Chile's website www.santander.cl under 'Investor Relations.' Banco Santander Chile's shareholders and the holders of its American depositary shares can request copies of its 2007 Form 20-F, free of charge, by contacting us at the following address: Banco Santander-Chile, Attention: Investor Relations, Bandera 140, Santiago, Chile, telephone: 011-562-320-2000.

INSTITUTIONAL BACKGROUND

As per the latest public records published by the Chilean Superintendency of Banks for April 2008, Banco Santander Chile was the largest bank in Chile in terms of loans and deposits. The Bank has the highest credit ratings among all Latin American companies, with an A+ rating from Standard and Poor's, A+ by Fitch and an A2 rating from Moody's, which are the same ratings assigned to the Republic of Chile. The stock is traded on the New York Stock Exchange (NYSE: SAN) and the Santiago Stock Exchange (SSE: Bsantander). The Bank's main shareholder is Banco Santander, which controls 76.91% of Banco Santander Chile.

Safe harbor statement under the Private Securities Litigation Reform Act of 1995

All forward-looking statements made by Banco Santander Chile involve material risks and uncertainties and are subject to change based on various important factors which may be beyond the Bank's control. Accordingly, the Bank's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Bank's filings with the Securities and Exchange Commission. The Bank does not undertake to publicly update or revise the forward-looking statements even if experience or future changes make it clear that the projected results expressed or implied therein will not be realized.

    CONTACT INFORMATION
    Robert Moreno
    Manager
    Investor Relations Department
    Banco Santander Chile
    Bandera 140 Piso 19,
    Santiago, Chile
    Tel: (562) 320-8284
    Fax: (562) 671-6554
    Email: rmorenoh@santander.cl
    Website: http://www.santander.cl

SOURCE Banco Santander