• The Company’s Board of Directors will be responsible for regulating the details of the implementation of the program.
• The program will remain in effect until March 31, 2028, and will apply to both classes of shares: common and preferred.

This Thursday, an extraordinary meeting of the General Shareholders’ Meeting of Grupo SURA was held. During the meeting, the implementation of a share buyback program of up to COP 500 billion was approved.

The Shareholders’ Meeting authorized the Company’s Board of Directors to regulate the details of the share buyback program, which will remain in effect until March 31, 2028, and will apply to both classes of shares: common and preferred. The approved amount is equivalent to approximately 2.5% of the Company’s current market capitalization.

This share buyback program represents an efficient, disciplined capital allocation strategy focused on value creation. Through this initiative, the Company adds an additional tool to advance in closing the gap reflected in the current market price. Likewise, the program could generate greater liquidity and trading activity in the shares, strengthening their attractiveness to investors.

This share buyback program represents an efficient, disciplined capital allocation strategy focused on value creation. Through this initiative, the Company adds an additional tool to advance in closing the gap reflected in the current market price. Likewise, the program could generate greater liquidity and trading activity in the shares, strengthening their attractiveness to investors.

The initiative comes amid the continued appreciation of Grupo SURA’s shares, as, since the spin-off by absorption—which enabled the Company to focus on financial services—the preferred share has increased by 51% and the common share by 48%, both outperforming the COLCAP over the same period.

“We are at a good point as a company, in which a series of recent milestones confirm that we are on the right path: record financial results at the end of the first half of the year, an acceleration in the reduction of our debt, all-time highs in the price of our shares, and the inclusion of the common share in the FTSE GEI Index. The approval of this share buyback program is one more step in our strategy to generate increasing value and returns for our shareholders,” said Ricardo Jaramillo Mejía, President of Grupo SURA.

This strategic decision will enable the organization to continue advancing on its path toward consolidation as an increasingly relevant Financial Group in Latin America, and thus continue supporting more than 77 million customers in 10 countries across the region.