Grupo de Inversiones Suramericana S.A. hereby announces that in order to strengthen the capital of the subsidiaries belonging to Suramericana and Sura AM, through which the former conduct their activities in different countries in Latin America, this in addition to providing support to the ongoing growth of the voluntary savings business and optimizing the distribution of capital within the SURA - Bancolombia Financial Conglomerate, indirect investments were made in the capital of these subsidiaries during the period beginning on March 26, 2019 and ending on June 19, 2020.
The Colombian Superintendency of Finance, by means of Resolution 506 of 2023, resolved the appeal filed by Grupo SURA in relation to Resolution 399 of 2022, ratifying the decision issued by the court of the first instance and consequently imposed an administrative sanction for alleged non-compliance with the regulations relating to the capitalization regime.
Grupo SURA shall analyze the filing of the pertinent legal actions.
This publication complements the relevant information published on April 7, 2022, although it does not meet the materiality criterion defined by the Company for this assumption, as provided by Decree 2555 of 2010 when incorporating that established in Decree 151 of 2021.