Ann: Shareholder Update, page-4

The Deed of Commitment nowclearly provides that SQM’s agreement not to enter into discussions with any third party (ThirdParty) who has provided Kidman with a Competing Proposal (as defined in the SID) does notprevent SQM, if it wishes to do so, from entering into discussions, providing information orentering into an arrangement with that Third Party, where Kidman has notified SQM that it hasformed the view that the Competing Proposal is, or may reasonably be expected to lead to, aSuperior Proposal (as defined in the SID) and Kidman has otherwise complied with itsobligations under clause 13 of the SID