A New Subsidiary

Grupo de Inversiones Suramericana S.A. (Grupo SURA) duly announces that yesterday a partial spin-off of the pension fund management firm Administradora de Fondos de Pensiones y Cesantía Protección S.A. was completed, S.A. to continue with the consequent incorporation of Asulado Seguros de Vida S.A., once the required authorizations have been obtained from the Colombian Superintendency of Finance.

Grupo SURA shall hold an indirect stake in this company, through its subsidiary SURA Asset Management, which in turn shall have a 52% stake, equivalent to COP $ 10,672,090,365

Asulado will be domiciled in Medellín, Colombia, and is currently making headway with the remaining procedures and formalities before the Colombian Superintendency of Finance in order to obtain its operating license and the required authorizations for operating its annuity and pension lines of insurance, which will then allow it to begin operations.