Itaú Corpbanca announces the results of its pre-emption rights

SANTIAGO, Chile, November 17, 2021 (GLOBE NEWSWIRE) – ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) (the “Company”) has launched an offer of transferable rights (“Rights”) to subscribe to its ordinary shares, including ordinary shares represented by American Depositary Shares (“ADS”), as part of a capital increase previously announced up to 461,111,111,111 new ordinary shares of the Company, approved at an extraordinary shareholders’ meeting held by the Company on July 13, 2021 (the “Statutory Pre-emption Rights Offer”). The Rights Offering in Chile began on October 4, 2021 and the ADS Rights Offering (the “ADS Rights”) began on October 5, 2021 (the “ADS Preferential Rights Offering”). The preferential offer of ADS rights ended at 5:00 p.m. (New York time) on October 26, 2021 and the statutory pre-emptive rights offer in Chile ended at 11:59 p.m. (Santiago, Chile time) on November 2, 2021. As previously stated, the Company has decided to offer the rights that have been deregistered as part of a subsequent preferential rights offering, which began on November 11, 2021 and ended at 11:59 p.m. on November 16, 2021 (l ‘“Subsequent preferential subscription rights offer” and together with the statutory preferential rights offer and the ADS Pre-emptive Placement of Rights, the “Rights”).

During the Rights Offerings, a total of 455,243,347,249 ordinary shares (including 517,837,500 ordinary shares representing ADS) were subscribed and paid for, on the Chilean and international markets, representing 98.73% of the total new ordinary shares. issued within the framework of the aforementioned capital increase, with a total of 5,867,763,862 new ordinary shares unsubscribed and unpaid.

Itaú Unibanco Holding SA (“IUH”), the controlling shareholder of the Company and its affiliates subscribed and paid for a total of 350,048,242,004 new ordinary shares, representing 76.89% of the total of new ordinary shares subscribed during of the aforementioned capital increase. IUH and its affiliates held 56.94% of the common shares of the Company at the end of the rights.

The holders of subscription rights in Chile will receive delivery of their new ordinary shares through the Chilean clearing system, the Depósito Central de Valores SA, Depósito de Valores (“DCV”) at the time of subscription and payment of the price. subscription. All subscribing ADS rights holders will receive delivery of their new ADSs following the conclusion of the subsequent statutory pre-emptive rights offer on or around November 18, 2021.

A registration statement on Form F-3ASR relating to the securities offered in the United States under the Rights Offerings and a prospectus supplement to the prospectus contained therein have been filed with the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such an offer would be illegal, and it does not constitute there will also be no sale of these titles. in any state or jurisdiction in which such offering, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction.

JP Morgan, Itaú BBA and BTG Pactual acted as global coordinators for the offers described here. Larrain Vial acted as bookrunner for the offers described here.

A prospectus and prospectus supplement relating to this offering may be obtained from: JP Morgan Securities LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by mail electronic to prospectus- [email protected]; Itau BBA USA Securities, Inc., 540 Madison Avenue 24th Floor, New York, New York 10022, Attention: Equity Sales Desk, phone: 1-212-710-6756 or by sending an email to [email protected]; or Banco BTG Pactual SA – Cayman Branch, Attention: Prospectus Department, 601 Lexington Avenue, 57th Floor, New York, NY 10022, or by email to [email protected].

Caution Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe haven for forward-looking statements made by or on behalf of the Company. By their nature, all forward-looking statements are not guarantees of future performance or results and are subject to risks and uncertainties that are difficult to predict and / or quantify. Actual results may differ materially from those contemplated by forward-looking statements for a number of reasons described in the Company’s filings with the SEC, including those set forth in the Risk Factors section and under the heading “Language of Bid. Caution Regarding Forward-Looking Statements ”in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020.

You are cautioned not to place undue reliance on the Company’s forward-looking statements. The Company’s forward-looking statements are and will be based on management’s then-current beliefs and assumptions regarding future events and operating performance, and speak only as of the date of such statements. The Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, uncertainties or otherwise.

Contact details

For more information, please contact:

ITAÚ CORPBANCA
Rosario North 660
Las Condes
Santiago, Chile
Attention: Investor Relations
Phone number: + 562-2660-1751

The press release is also available on the company’s investor relations website at ir.itau.cl.

Investor Relations РIta̼ Corpbanca

+56 (2) 2660-1701 / [email protected] / ir.itau.cl