Pampa Calichera Increases Consent Fee and Extends Consent Date in Connection with the Consent Solicitation dated July 25, 2012

SANTIAGO, Chile, Aug. 14, 2012 /PRNewswire/ -- Sociedad de Inversiones Pampa Calichera S.A. ("Pampa Calichera") announced today that in connection with the Consent Solicitation dated July 25, 2012, it will pay an increased consent fee for the solicitation of consents (the "Consent Solicitation") from holders of record as of July 24, 2012 of its outstanding $250.0 million aggregate principal amount of 7.75% Senior Secured Notes due 2022 (the "Notes") (CUSIP No. 83363T AA 1 (144A)/ P8716H AA 1 (REG S)) (ISIN No. US83363TAA16 (144A)/ USP8716HAA16 (REG S)) for amendments (the "Proposed Amendments") to the Indenture, dated as of February 14, 2007, by and among Pampa Calichera, as issuer, Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), and Deutsche Bank Luxembourg S.A., as Luxembourg paying agent and listing agent, governing the Notes, as supplemented by the First Supplemental Indenture, dated as of December 4, 2008 (as so supplemented, the "Indenture") and the Share Pledge Agreement, dated as of February 14, 2007, by and between Pampa Calichera and the Trustee, as amended by the Share Pledge Amendment executed by public deed on December 4, 2008 (as so amended, the "Share Pledge Agreement").

The Proposed Amendments require the consent of holders of a majority in aggregate principal amount of the Notes outstanding.  Pampa Calichera will pay an increased consent fee of US$15 in cash for each $1,000 principal amount of Notes for which consents are properly delivered, including those already delivered as of today, and not revoked prior to the expiration of the Consent Solicitation.  The Consent Solicitation, initially scheduled to expire at 5:00 p.m., New York City time, on August 15, 2012, has been extended by Pampa Calichera, to 5:00 p.m., New York City time, on August 21, 2012.

The increase in the consent fee and the extension of the consent expiration date are set forth in Supplement No. 1, dated August 14, 2012 (the "Supplement") to the consent solicitation statement dated July 25, 2012 (the "Consent Solicitation Statement"), which was sent to all holders of record as of July 24, 2012.  Except as described in this release and the Supplement, all terms and conditions of the Consent Solicitation are unchanged.  Any questions regarding the Consent Solicitation or requests for additional copies of the Consent Solicitation Statement, the Supplement, the Letter of Consent or other related documents should be directed to Global Bondholder Services Corporation, the information and tabulation agent, at 866-736-2200 (U.S. toll free) or 212-250-2955 (collect), Attn: Corporate Actions.

This press release is for informational purposes only. The Consent Solicitation is only being made pursuant to the consent solicitation documents, including the Consent Solicitation Statement and the Supplement. The Consent Solicitation is not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

About Pampa Calichera

Pampa Calichera is a holding company whose principal corporate purpose is to invest in all types of assets and securities such as shares, bonds and debentures.  For the last four years, Pampa Calichera's sole activity has been to invest in shares of Sociedad Quimica y Minera de Chile S.A. ("SQM"), a New York Stock Exchange and Santiago Stock Exchange listed company.  As of the date hereof, Pampa Calichera owns directly and indirectly, through its wholly owned subsidiary Inversiones Global Mining (Chile) Limitada, 53,557,369 Series A shares and 12,241,799 Series B shares of SQM, accounting for a total of 25.0001% of its capital stock.  This interest in SQM represents nearly all of Pampa Calichera's assets from which it derives its income.  Pampa Calichera does not hold shares of any other operating company.

Pampa Calichera believes SQM is a unique company with a global presence in a variety of industries:  Speciality Plant Nutrition, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals and Potassium. Pampa Calichera also believes SQM is the world's largest integrated producer of potassium nitrate, iodine and lithium carbonate.  SQM's products are sold in over 100 countries through its worldwide distribution network, with approximately 87% of its sales derived from countries outside Chile in 2011.

SOURCE Sociedad de Inversiones Pampa Calichera S.A.