Corporate Reorganization

​ Grupo de Inversiones Suramericana S.A. (Grupo SURA), has announced today that its subsidiaries Suramericana S.A. and Sura Asset Management S.A. (Sura AM), have signed a share purchase agreement covering the entire amount of shares in circulation belonging to the Mexican insurance firm, Seguros de Vida SURA Mexico S.A. de C.V, which is currently owned by Sura AM. The parties to this agreement are Suramericana S.A. and its subsidiary Operaciones Generales Suramericana S.A.S. (hereinafter referred to as “Suramericana”) acting in their capacity as buyers, while Sura AM and its subsidiaries SURA Asset Management México S.A. de CV and SURA Art Corporation S.A. de CV., act as sellers. All of the aforementioned companies are controlled either directly or indirectly by Grupo SURA. The 1,797,091 shares corresponding to 100% of the subscribed and paid capital belonging to Seguros de Vida SURA Mexico S.A. de C.V., shall be transferred to Suramericana at USD11.46238222 per share, for a total price of USD 20,598,943.93. The completion of this transaction is subject to obtaining approval from the Mexican Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas - CNSF) as well as the go-ahead from the Mexican Economic Competition Commission (Comisión Federal de Competencia Económica - COFECE). With this, the Group´s insurance concern in Mexico shall pass into the hands of its specialized insurance subsidiary (Suramericana S.A.), thus allowing Sura AM to develop the full potential of its pension, savings and investment business, and Suramericana S.A. to pursue its own specialized insurance and trend risk management interests in this part of the world. At the same time, both subsidiaries shall continue with their common purpose of harnessing the synergies existing with their complementary lines of business thus enhancing their value-added offerings.​