Framework agreement for the exchange of shares

Below is the official information released by the Company with regard to a Framework Agreement signed on June 15, 2023.

This agreement establishes the terms and conditions for a series of transactions through which Grupo SURA shall exchange its stake in Grupo Nutresa’s food business for its own shares and those of Grupo Argos.

The Board of Directors considers that this decision benefits hot only Grupo SURA but all of its shareholders, as it is made on fair exchange terms, enables the Company’s progress by focusing its investment portfolio on financial services and furthers develops its ownership structure.

Relevant Information June 29, 2023.

Details

Relevant event:

Shareholders assembly:

Framework agreement:

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Time line

May 24, 2023

The Board of Directors approves the signing of a Memorandum of Understanding (MOU).

May 25, 2023

Trades of the Company's shares are suspended on the Colombian Stock Market.

June 15, 2023

The Framework Agreement is signed laying out the transactions to be carried out in compliance with the MOU.

June 18, 2023

Trades of the Company's shares resume on the Colombian Stock Market.

June 22, 2023

A Shareholders' Meeting addresses conflicts of interest and authorizes the Framework Agreement signing.

June 29, 2023

The Board of Directors gives its approval to go ahead with the execution of the Framework Agreement.

This agreement was executed within the framework of the Company's principles and as part of its strategy as an investment manager to focus on the financial sector; this in order to ensure the Company’s ongoing sustainable profitability by integrating the creation of economic value with a more harmonious level of development for society.