Banco de Chile ’s Ownership
 

Banco de Chile’s equity is divided into 44,932,657,180 registered shares of a single series and with no par value. The Corporation’s ownership as of December 31,2000 is distributed as follows:
 
Ownership %
No.of Shares
SAOS S.A.(1) 63,64 28.593.701.789
SM-Chile S.A. 28,00 12.582.052.427
Other Shareholders (2) 8,36 3.756.902.964
Total
 100,00 44.932.657.180

Voting Rights
 

The rights to vote over Banco de Chile’s 41,179 million shares owned by SM-Chile S.A. and SAOS S.A. are exercised by
SM-Chile S.A.’s shareholders (3), who may attend the Bank’s shareholder meetings. The rights corresponding to the shares owned by SM-Chile S.A.are proportionally exercised by all its stock series, i.e., shares in series A,B,D, and E. On the other hand, those corresponding to the shares owned by SAOS S.A. are exercised by series A, B, and D.
(1)SAOS S.A.is 100% owned by SM-Chile S.A.
(2)7,192 shareholders as of December 31, 2000.
(3)Pursuant to Law No.19,396 and SM-Chile S.A.’s bylaws.
 

Consequently, voting rights over Banco de Chile are broken down as follows:
Shares
No. of Shares owned by SM-Chile S.A.(million)
No .of Votes in Banco de Chile (million)
Voting Rights (%)
Owned by SM-Chile S.A. and SAOS S.A.
SM-Chile A 568 1.921 4.3
SM-Chile B 11.000 37.217 82.8
SM-Chile D 429 1.453 3.2
SM-Chile E 585 585 1.3
  12.582    
Owned by Other Shareholders 3.757 8.4
  44.933 100.0