A material financing obligation on the part of our subsidiary SURA Asset Management

Grupo de Inversiones Suramericana S.A. ("Grupo SURA") hereby announces that its subsidiary SURA Asset Management S.A. ("SURA AM") today informed its intention to issue senior notes for a total amount of USD 500,000,000.00 maturing in 2032 with a coupon of 6.35% per annum, payable on a semi-annual basis (hereinafter referred to as the "Bonds"). The closing of this Bond issue is subject to certain customary conditions and is expected to occur on May 13, 2025.

These bonds shall be issued under Regulation S as well as Rule 144A under the U.S. Securities Act of 1933 and will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF market.

These bonds shall be guaranteed by SURA Asset Management Chile, S.A. and SURA Asset Management México, S.A. de C.V., both subsidiaries of SURA AM and the terms of the Indenture to be entered into by SURA AM will be based upon market terms and can be consulted in the corresponding Offering Memorandum .

This issue of international bonds shall not signify an increase in SURA AM 's indebtedness but rather be carried out as part of this subsidiary's strategy to refinance those  bank loans taken out in 2024[1] as well as the corporate bonds issued by SURA AM maturing in 2027. This shall allow SURA AM to continue to adequately service its debt.

 

[1] See relevant information dated February 29 and March 26, 2024.