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Tuesday 07 April, 2009

SQM

SQM Announces Date of 2009 Annual Shareholders ...





SANTIAGO, Chile, April 7 /PRNewswire/ --

    Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM;
Santiago Stock Exchange: SQM-B, SQM-A) announced today that its Board of
Directors has unanimously agreed to propose a gross dividend of US$1.23829
per share at its 2009 annual shareholders meeting. This amount is equivalent
to 65% of the Company's distributable net income for the year 2008 and is in
accordance with SQM's current dividend distribution policy.



    The interim dividend of US$0.37994 per share, which was paid on
November 21, 2008, will be deducted from the gross dividend of US$1.23829 per
share. Therefore, the outstanding amount to be paid is US$0.85835 per share.



    This proposal is subject to the approval of shareholders at the Company's
2009 annual meeting, which will be held in Santiago, Chile, on April 29,
2009. If approved, the dividend will be paid to shareholders of record on the
fifth business day prior to the payment date, in the case of Chilean
shareholders. The Company's depositary bank, the Bank of New York Mellon,
will inform shareholders of the record date applicable to them. The amount
payable will be the Chilean peso equivalent of US$0.85835 per share, in
accordance with the "Observed Exchange Rate" as published in the Official
Gazette on April 29, 2009. The payment date of this dividend for Chilean
shareholders will be Monday, May 11, 2009.



    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]
    Mary Laverty, +56-2-4252074 / [email protected]
    Carolina Rojas, +56-2-4252250 / [email protected]

    For media inquiries, contact: Fernanda Guerra, +56-2-4252027 /
    [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.




                                                                                                                                             

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