Incorporation of a Subsidiary
In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. (Grupo SURA) and its subsidiary, Sura Asset Management S.A. hereby announce that they have set up a new subsidiary in Colombia, namely SURA Real Estate S.A.S.; this for the purpose of handling real estate and collective funds, investment and / or Real Estate Asset Management vehicles in Colombia. This is the first subsidiary that Sura Asset Management has set up specifically in Colombia, as part of its overarching goal of leading the Latin American Savings and Investment sector. Grupo Sura´s holds an indirect stake in this new company through SURA Investment Management Colombia S.A.S. which holds 70% of its share capital. The total value invested in this new subsidiary comes to approximately COP 1,500 million.