SQM Shareholders Approve Dividend Payment and E...

SANTIAGO, Chile, May 1 /PRNewswire/ --

    Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock
Exchange: SQM-B, SQM-A) reported today that shareholders at the Company's
Annual Shareholders' Meeting held today approved a number of proposals,
including distribution of a final gross dividend of Ch$204.13794
(approximately US$0.44459, based on the observed exchange rate as of April
30, 2008) per share. Shareholders also elected the members of the Board for
the next three-year period. All seven of the Board members chosen by series A
shareholders were re-elected: Wayne R. Brownlee, Hernan Buchi, Jose Maria
Eyzaguirre, Julio Ponce, Wolf von Appen, Kendrick T. Wallace and Daniel
Yarur. Series B shareholders elected a new Board member, Mr. Eduardo Novoa.

    For further information about SQM's 2008 Annual Shareholders' Meeting and
the resolutions adopted by shareholders at the meeting, please see the full
release, available at http://www.sqm.com .

    SQM is an integrated producer and distributor of specialty plant
nutrients, iodine and lithium. Its products are based on the development of
high quality natural resources that allow the Company to be a leader in
costs, supported by a specialized international network with sales in over
100 countries. SQM's development strategy aims to maintain and strengthen the
Company's world leadership in its three core businesses: Specialty Plant
Nutrition, Iodine and Lithium.

    For further information, contact:
    Patricio Vargas, +56-2-4252274 / [email protected]
    Carolyn McKenzie, +56-2-4252074 / [email protected]

    Statements in this press release concerning the Company's business
outlook, future economic performances, anticipated profitability, revenues,
expenses, or other financial items, anticipated cost synergies and product or
service line growth, together with other statements that are not historical
facts, are "forward-looking statements" as that term is defined under Federal
Securities Laws.

    Any forward-looking statements are estimates, reflecting the best
judgment of SQM based on currently available information, and involve a
number of risks, uncertainties and other factors that could cause actual
results to differ materially from those stated in such statements. Risks,
uncertainties, and factors that could affect the accuracy of such
forward-looking statements are identified in the public filing made with the
Securities and Exchange Commission, and forward-looking statements should be
considered in light of those factors.

Web site: http://www.sqm.com