SQM to Distribute Interim Dividend

SANTIAGO, Chile, October 29 /PRNewswire/ --

    Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock
Exchange: SQM-B, SQM-A) announced the payment of an interim dividend in the
amount of US$0.37994 per share. At its meeting held yesterday, October 28,
2008, the Company's Board of Directors agreed to partially modify SQM's
Dividend Policy in order to make this payment, which amounts to a total of
approximately US$100 million and which will be charged to net income for the
nine months ended September 30, 2008. The interim dividend will be paid on
November 21, 2008, in favor of those shareholders registered in the Company's
Book of Shareholders during the fifth working day prior to the day of such
payment. The pertinent amount will be paid in its equivalent in Chilean
pesos, based on the "Observed Dollar" rate that should be published by the
Official Gazette on November 14, 2008.

    Additionally, the Board of Directors agreed that the Dividend Policy for
the Business Year 2009 that will be submitted to the next Annual Shareholders
Meeting in April 2009 will also include the payment of an interim dividend.
This interim dividend should be paid in November 2009 and will not exceed 30%
of the net profits earned by the Company during the first nine months of

    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 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, +56-2-4252485 / [email protected]
    Carolyn McKenzie, +56-2-4252074 / [email protected]
    Carolina Rojas, +56-2-4252250 / [email protected]

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