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Monday 31 March, 2008

SQM

SQM ADR Begins Trading Under New Ratio





SANTIAGO, Chile, March 31 /PRNewswire/ --

    Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock
Exchange: SQM-B, SQM-A) announced today that its series B ADR has begun
trading under the new 1:1 ratio of ordinary shares to ADRs. As announced
earlier this month, by modifying the previous ratio of 10 ordinary shares to
1 ADR, the Company aims to improve liquidity and make its shares accessible
to the broadest investment community. The Company's underlying ordinary
shares traded on the Santiago Stock Exchange are not affected by the change
in ADR ratio.



    The ratio change had the same effect as a ten-for-one share split and was
reflected in SQM's share price, which changed from its closing price of
US$232.49 on Friday, March 28 to an opening price of US$23.50 today.



    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, +56-2-4252274 / [email protected]
    Carolyn McKenzie, +56-2-4252074 / [email protected]





    Statements in this press release concerning the Company's business
outlook, future economic performance, 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

                                                                                                           

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