Authorization for loan transactions
In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. hereby announces that its Board of Directors, at a meeting held today, approved the loan transactions to be carried out for the purpose of acquiring the shares that General Atlantic Coöperatief U.A. currently holds in Sura Asset Management. The Company’s Senior Management was empowered to obtain these borrowings for up to a maximum amount of USD 550 million, in which Grupo Sura intends to participate international banks in these operations along with its affiliated companies or subsidiaries acting either as borrower or guarantor with regard to said debt transactions.