SOURCE: Corpbanca

January 28, 2008 16:05 ET

CORPBANCA Announces Proposed Dividend Payment

SANTIAGO, CHILE--(Marketwire - January 28, 2008) - CORPBANCA (NYSE: BCA), a Chilean financial institution offering a wide variety of corporate and retail financial products and services across all segments of the Chilean financial market, today notified the Superintendencia de Valores y Seguros of Chile (the local securities regulatory agency) of the following material event:

The Board of Directors of CORPBANCA during its session held on January 22, 2008 has decided to disclose to the general public as a material event its resolution to call an Ordinary General Shareholders' Meeting to be held on February 26, 2008, for the purpose of submitting to the shareholders' consideration those matters of their competence, among others, to approve at said General Shareholders' Meeting the balance sheet and financial statements for the fiscal year ended 2007 and to decide on the distribution of a dividend representing 100% of the net income for 2007 of Ch$51,049,099,909. This means a dividend per share of Ch$0.22497540660054 would be distributed, which if approved, will be paid at the end of the Shareholders' Meeting. In the event the distribution of dividends is approved in the terms set forth above, those shareholders of record as of the fifth business day prior to the dividend payment date will be entitled to receive the dividend. In addition, the Board of Directors will propose to the General Shareholders' Meeting to adopt as dividend policy the distribution of at least 50% of the corresponding period earnings.

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