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Banco De Chile Announces Pricing Of Public Secondary Offering Of Its Common Stock By LQIF

SANTIAGO, Chile, Jan. 29, 2014 /PRNewswire/ -- Banco de Chile (NYSE: BCH) announced today that the previously announced registered public secondary offering of 6,700,000,000 shares of its common stock (the "Offering") priced at a price to the public of Ch$67.00 per share, or US$74.23 per American Depositary Share ("ADS"), and all of the 6,700,000,000 shares were sold.  Each ADS represents 600 shares.  The Offering is expected to close on January 31, 2014, subject to customary closing conditions.  The shares were sold by LQ Inversiones Financieras S.A. ("LQIF") in the United States and elsewhere outside of Chile in the form of American Depositary Shares (the "International Offering") and in Chile in the form of shares (the "Chilean Offering"). Citigroup Global Markets Inc. is acting as sole global coordinator and joint bookrunner and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc. and Banco BTG Pactual S.A. – Cayman Branch are acting as joint bookrunners in the International Offering, while Banchile Corredores de Bolsa S.A. and Larrain Vial S.A. Corredora de Bolsa are acting as placement agents in the Chilean Offering.

Banco de Chile will not receive any of the proceeds from the Offering.

The Offering was conducted pursuant to an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission (the "SEC") on March 10, 2011. The final prospectus supplement related to the Offering, when available, can be found on the SEC's website at http://www.sec.gov. Alternatively, copies of the prospectus and final prospectus supplement, when available, may be obtained by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, solicitation or sale will be made only by means of the prospectus and prospectus supplement.

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