• All the members of Grupo SURA's Board of Directors, in full session shall deliberate and decide on the tender offer for shares in Nutresa on the part of IHC, a group of Arab origin.
• Grupo SURA is the principal shareholder of Grupo Nutresa with a 35.23% stake in its ordinary share capital.
• At their tenth Extraordinary Meeting held so far this year, the Company’s shareholders heard and voted on potential conflicts as expressed by 4 of 7 Board members.

The seven members of Grupo SURA's Board of Directors shall conduct a comprehensive analysis of the aforementioned tender offer for shares in Nutresa, for which due authorization was issued to International Holding Company (IHC) by the Colombian Superintendency of Finance 

In this regard, the market shall be opportunely informed of the decision that is eventually arrived at within the offer acceptance period, which is initially scheduled for between November 3 and 18 and which could be extended by IHC. This is the fourth such offer recorded during the last 12 months for a stake in this leading processed food company which forms part of Grupo SURA's strategic investment portfolio.

This Wednesday morning, the General Assembly of Shareholders decided to authorize the Board members Luis Santiago Cuartas, Luis Javier Zuluaga, Pablo Londoño and Sebastián Orejuela to deliberate and decide on the new tender offer for shares in Nutresa. All four Board members had previously expressed potential conflicts of interest, which were duly disclosed during the meeting. 

This is the tenth Extraordinary Shareholders´ Meeting to be held so far this year, which the shareholders JGDB Holding S.A.S and Nugil S.A.S. requested the Company's Statutory Auditing firm to call for the aforementioned purpose. The quorum recorded came to 95.95% of the Company’s outstanding ordinary shares.