CorpBanca Announces the Ruling From the United States District Court for the Southern District of New York

SANTIAGO, CHILE--(Marketwired - Sep 26, 2014) - CORPBANCA (NYSE: BCA) (SSE: CORPBANCA) announced today that we received the ruling from the United States District Court for the Southern District of New York dismissing the complaint brought by Cartica Management, LLC ("Cartica") in its entirety, including all claims against CorpBanca, its directors and officers, CorpGroup and its controlling shareholder. We are very satisfied with the Court's decision.

Cartica had sought to stop the proposed merger with Banco Itaú Chile and to obtain a compensation for itself alone. The Court rejected the request for an injunction to stop the transaction under the federal securities laws (United States). It also found that CorpGroup and Itaú had already disclosed the necessary information regarding their shareholders agreement in their public filings, and refused to exercise jurisdiction over Cartica's state law claim for fraud. CorpBanca has maintained that this lawsuit was not meritorious since it was filed.

CorpBanca continues making progress on the merger process in accordance with the schedule and will strongly oppose any further efforts by Cartica to obstruct the proposed transaction. We are convinced that CorpBanca made the right decision to recommend approval of the merger by all shareholders, which, in addition to being the biggest strategic alliance available to a Chilean bank, will allow CorpBanca to make a qualitative step forward in the financial business of the region. We are convinced that the merger agreement with Banco Itaú Chile adds value to all the shareholders of CorpBanca on equal terms.

About CorpBanca

CORPBANCA (NYSE: BCA) (SSE: CORPBANCA) is Chile's oldest operating private bank founded in 1871. Based in Chile, CorpBanca also participates in Colombia and Panama. It also has a branch in New York and a representative office in Madrid. Its total consolidated assets are US$35.6 billion approximately and the equity totaled US$3.4 billion. Focused on large and medium companies and individuals, CorpBanca offers universal bank products. Its remarkable performance in the past 18 years has allowed consolidating CorpBanca as the fourth largest private bank in Chile. In 2012, CorpBanca started the process of regionalization with the acquisition of two banks in Colombia, becoming the first Chilean bank to have banking subsidiaries abroad.