LATAM AIRLINES GROUP S.A.

NOTE 31 - COMMITMENTS

(a) Commitments arising from loans

The Company and its subsidiaries do not have credit agreements that impose limits on financial indicators of the Company or its subsidiaries, with the exception of those detailed below:

On July 15, 2024, LATAM Airlines Group S.A., acting through its Florida branch, amended, increased and extended the 2022 revolving credit facility (“RCF II”) from US$500 million to US$750 million with a consortium of nine banks led by JP Morgan Chase Bank, N.A. Additionally, LATAM Airlines Group S.A. (i) on October 15, 2024, received the funds from its issuance of secured notes at 7.875% maturing in 2030 (“2030 Notes”), for a total principal amount of US$1.4 billion and (ii) on July 7, 2025, received the funds from its issuance of secured notes at 7.625% maturing in 2031 (“2031 Notes,” together with the 2030 Notes, the “Notes”) for a total principal amount of US$800 million. The Notes, together with the RCF II, share the same intangible collateral, consisting primarily of the FFP business (LATAM Pass loyalty program) and certain LATAM trademarks and intellectual property. The Notes and the RCF II contain certain covenants that limit the ability of the Company and its subsidiaries to, among other things, make certain types of restricted payments, incur debt or liens, merge or consolidate with others, dispose of assets, enter into certain affiliate transactions, engage in certain business activities, or make certain investments. Additionally, the agreements include a minimum liquidity covenant requiring the Company to maintain a minimum liquidity level, measured at the consolidated level of the Company (LATAM Airlines Group S.A.), of US$750 million. In the case of the RCF II, compliance with these restrictions is a prerequisite for drawing under the facility; if the facility is drawn, compliance with said restrictions must be reported periodically, and non-compliance may trigger an acceleration of the loan. As of September 30, 2026, this credit facility is undrawn and fully available.

On July 15, 2024, LATAM Airlines Group S.A., acting through its Florida branch, amended, increased and extended the 2016 revolving credit facility (“RCF I”) with a consortium of nine financial institutions led by Citibank, N.A., guaranteed by aircraft, engines and spare parts for a total committed amount from US$600 million to US$800 million. The RCF I includes restrictions of minimum liquidity measured at the consolidated Company level (with a minimum level of US$750 million) and measured individually for LATAM Airlines Group S.A. and TAM Linhas Aéreas S.A. (with a minimum level of US$400 million). Compliance with these restrictions is a prerequisite for drawing under the line; if the line is used, compliance with said restrictions must be reported periodically, and non-compliance with these restrictions may trigger an acceleration of the loan. As of September 30, 2026, this line of credit is undrawn and fully available.

On November 4, 2024, LATAM Airlines Group S.A., acting through its Florida branch, entered into a new four-year revolving credit facility, secured by spare engines (“Spare Engine Facility”), with, among other institutions, Crédit Agricole Corporate and Investment Bank as loan agent, for a total amount of US$300 million, of which US$275 million was drawn on the same day, leaving US$25 million available for the Company when required. The loan includes minimum liquidity covenants measured at the consolidated level of the Company (with a minimum level of US$750 million) and individually for LATAM Airlines Group S.A. and TAM Linhas Aéreas S.A. (with a combined minimum level of US$400 million). The funds received were used to fully repay the previous spare engine financing. Finally, this issuance was linked to sustainability (“Sustainability-Linked”), which entails a commitment to reducing CO2 emissions intensity from March 2025 until the maturity of the facility. Compliance or non-compliance with these targets does not result in acceleration of the credit but instead applies a reward or penalty, respectively, on the interest rate.

As of September 30, 2026, the Company complies with the aforementioned minimum liquidity covenants.

b) Other commitments

As of September 30, 2026, the Company maintains valid letters of credit, guarantee notes and guarantee insurance policies, according to the following detail:

Letters of credit related to right-of-use assets are included in Note 16 Property, plant and equipment letter (e) Additional information Property, plant and equipment, in numeral (i) Property, plant and equipment delivered as collateral.