Clarification regarding the setting up of a new subsidiary
In compliance with current reporting requirements and with a view to clarifying the information published on February 11, 2016 with regard to the incorporation of a new subsidiary, SURA Real Estate S.A.S (SURA R.E.), Grupo de Inversiones Suramericana S.A. hereby confirms that SURA R.E.'s prime business purpose relates to the professional management of private equity funds, that is to say investing, developing, managing (in the sense of asset management) and / or handling real estate assets including housing, offices, retail and industrial premises, hotels, institutional buildings, or the like, with the exception of public infrastructure. In this regard, SURA R.E. shall not exercise any administrative functions whatsoever with respect to any type of fund, which is why it does not require any authorization to operate from the Colombian Superintendency of Finance pursuant to Decree 2555 of 2010. SURA R.E. has the requisite knowledge, experience, expertise and moral solvency to carry out its business purpose as required by law.