GlobeNewswire Inc | Dec 16, 2020 05:49PM EST

December 16, 2020

SANTIAGO, Chile, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC) announces thelaunchof Tienda Santander, a new virtual space where clients with a Santander credit card will be able to securely purchase Apple products in up to 24 payment installments without interest, including the new iPhone 12 lineup.

This is another important step in the Banks digital strategy. Tienda Santander will add new products and benefits to its offerings on an ongoing basis, from everyday essentials to leisure products like travel packages, gastronomic experiences, andthe latest technology, making access to high-valueofferingseasier to acquire through this new business model.

As part of an exclusive launch offer, the first customers1 to purchase an iPhone 12 Pro, iPhone 12 Pro Max, iPhone 12 or iPhone 12 mini will receive a 50% off discount on AirPodsand AirPods Pro2. Other iPhone models, including iPhone SE and the complete iPhone 11 lineup, will also be available at launch with many more Apple products to be added over the next couple of months.

The launch ofTienda Santandercorresponds with the recent arrival ofiPhone 12 and iPhone 12 Profor Santander customers. The iPhone 12 lineupintroducesa reimagined design featuring an immersive edge-to-edge Super Retina XDR display, the powerful A14 Bionic, the fastest chip in a smartphone,andadvanced new camera systems, including the ability to shoot HDR video with Dolby Vision, and much more.

Through Tienda Santander, wecanoffer our customers a space in which they can browse and shop in a safe and secure manner from the comfort of their own homes, while receiving multiple benefits such as the accumulation of LATAM Pass Miles. It is a very important step for us and is part of the experience and value that we want to deliver to our clients. In addition, were excited to be offering therecently launchediPhone 12 lineup, introducingfour models,making it easier than ever for customers to find the perfect iPhone to fit their lifestyle, said Marcos Thomas, Innovation and Strategic Alliances Senior Vice President at Banco Santander.

For more information, please visitTienda.Santander.cl.

Banco Santander Chile is the largest bank in the Chilean market in terms of loans and assets. As of September 30, 2020, the Bank had total assets of US$ 72.9 billion, loans net of provisions of US$ 43.2 billion, deposits of US$ 32.7 billion, and total equity of US$ 4.8 billion. The BIS capital ratio as of September 30, 2020 was 15.1%, with a core capital ratio of 10.7%. Banco Santander Chile is one of the companies with the highest risk classifications in Latin America with an A1 rating from Moody's, A from Standard and Poor's, and A+ from Japan Credit Rating Agency.

CONTACT INFORMATIONRobert MorenoInvestor RelationsBanco Santander ChileBandera 140, Floor 20Santiago, ChileTel: (562) 2320-8284Email:irelations@santander.clWebsite:www.santander.cl

1 There are a total of 800 units that will form part of this offer. There is no limit per customer.

2 Customers will receive a 50% discount on AirPods Pro when purchasing an iPhone 12 Pro or iPhone 12 Pro Max, and a 50% off on 2nd Gen AirPods when purchasing an iPhone 12 mini or iPhone 12.