Grupo de Inversiones Suramericana S.A. (Grupo SURA), as part of divestiture that was first reported on March 7, 2018, with regard to the annuities business that the Group´s core subsidiary SURA Asset Management S.A. currently operates in Chile through its own subsidiary Seguros de Vida SURA S.A. (SURA Chile), hereby announces that the Chilean Financial Market Commission (Comisión del Mercado Financiero chileno) has provided due authorization for SURA Chile to be spun-off, this for the purpose of separating the aforementioned annuities operations from the other lines of business currently managed by the SURA insurance firm in this part of the world.

As a result of the spinoff of SURA Chile, a new company -SURA Seguros de Rentas Vitalicias S.A.- shall be set up, to which all those assets, liabilities and contracts relating to the annuities business in Chile, shall be assigned, this in order for these to be subsequently transferred to the third party buyers in this transaction, namely, Bicecorp S.A. and Inversiones BICE Chileconsult S.A., once all the other conditions for completing said transaction are duly met.