Agreement Reinforces the Existing Partnership Between TAM and the LAN Alliance SAO PAULO, Brazil, Jan. 7 /PRNewswire/ -- TAM (Bovespa: TAMM4 and NYSE: TAM) and LAN Peru have begun their operational codeshare agreement. The partnership allows TAM to sell flights operated by LAN Peru between Sao Paulo and Lima, with the possibility of connections to the cities of Arequipa and Cuzco. In return, LAN Peru will offer multiple flight options to various Brazilian state capitals and cities served by TAM. (Logo: http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO ) TAM has already been operating shared flights with LAN Airlines (Chile) since November 2007, offering passengers the option of flights to 14 cities within Chile, such as Antofagasta, Calama, Concepcion, Iquique, La Serena, Puerto Montt, Punta Arenas and Valdivia. LAN clients have flights operated by TAM to 12 Brazilian cities at their disposal, among which are Rio de Janeiro, Salvador, Porto Alegre, Belo Horizonte, Florianopolis, Brasilia, Recife, Manaus and Porto Seguro. "The agreement between TAM and LAN Peru reinforces the services synergy that we are developing with the LAN Group in South America, stimulating passenger traffic in the continent. We want to extend this partnership to other markets in the future, always offering more comfort to our clients," said Paulo Castello Branco, TAM's Planning and Alliances vice-president. One of the passenger benefits of the commercial alliance between TAM and LAN is that journeys will be made with one ticket from start to finish, and clients will check in their baggage through to their final destination. The agreement signed between the two companies will soon allow other cities in Peru to be included in the partnership. TAM will announce the new destinations as soon as they are available on the airline's sales system. The operation of shared flights is part of the agreement signed in 2007 between TAM and the LAN Alliance -- made up of LAN Airlines, LAN Peru, LAN Argentina and LAN Ecuador -- with the objective of developing partnerships on routes operated by the companies in South America, increasing passenger options to fly to numerous destinations on the continent. Investor Relations: Phone: (55) (11) 5582-9715 Fax: (55) (11) 5582-8149 http://www.tam.com.br/ir Press Agency Contact: Phone: (55) (11) 5582-8167 Fax: (55) (11) 5582-8155 MVL Comunicacao Phone: (55) (11) 3594-0302 / 0304 / 0305 About LAN: LAN Airlines is one of Latin America's leading airlines. The LAN Alliance is made up of LAN Airlines, LAN Express, LAN Peru, LAN Ecuador, and LAN Argentina, as well as LAN Cargo and its affiliates. The LAN Alliance serves 15 destinations in Chile, 12 in Peru, 10 in Argentina, two in Ecuador, 15 in other Latin American countries and the Caribbean, three in the United States, two in Europe and four in the South Pacific, as well as 52 additional international destinations through several codeshare agreements. Currently, the LAN Alliance operates 68 passenger aircraft and 10 dedicated freight aircraft. LAN Airlines is a member of OneWorld(TM). It has bilateral commercial agreements with American Airlines, British Airways, Iberia and Qantas, as well as Alaska Airlines, AeroMexico, Mexicana, TAM, Korean Air and JAL. For more information, visit http://www.lan.com/ or http://www.oneworldalliance.com/. About TAM: TAM (http://www.tam.com.br/) has been domestic market leader since July 2003, closing the month of November 2007 with a 49.9% market share. The company flies to 47 destinations in Brazil. With commercial agreements signed with regional companies, it reaches 81 different destinations in Brazil itself. In November, TAM held a 73.2% market share among Brazilian airlines operating international flights. International operations include direct flights to eleven destinations: New York and Miami (USA), Paris (France), London (England), Milan (Italy), Frankfurt (Germany),Madrid (Spain), Buenos Aires (Argentina), Santiago (Chile), Caracas (Venezuela) and Montevideo (Uruguay). With TAM Mercosur, it also serves Asuncion and Ciudad del Este (Paraguay), Cordoba (Argentina), and Santa Cruz de la Sierra and Cochabamba (Bolivia), among other South American cities. In addition, it has codeshare agreements with international airlines that allow passengers to travel to a wide assortment of destinations all over the world. TAM was the first Brazilian airline company to launch a loyalty program. Currently, the program has over 4.3 million subscribers and has awarded more than 5.0 million tickets. http://www.newscom.com/cgi-bin/prnh/20060418/SPTU001LOGO DATASOURCE: TAM CONTACT: Libano Miranda Barroso, TAM Investor Relations, +011-55-11-5582-9715, fax, +011-55-11-5582-8149, Web site: http://www.tam.com.br/

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