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GRUPO SURA Continued To Consolidate Its Growth In 2012 And Strengthen Its Position As A Multi-Latin Financial Holding Company


At their Annual General Meeting, the Shareholders gave their approval to the proposed increase in dividends for the Company's ordinary shares, which was set at COP 339.oo, that is to say 10% higher than that paid out the previous year. This increase is also 7.62% higher than the year-end CPI in Colombia. The dividend to be paid out on the Company's preferred shares was maintained at COP 975.oo per year per share, this in keeping with that authorized in the corresponding Issue and Placement Prospectus drawn up in 2011.

On the other hand, and as part of GRUPO SURA commitment to upholding best practices in terms of corporate governance and transparency, in 2012 a change was made to the Company's Board of Directors with two independent members, namely Messrs. Armando Montenegro Trujillo and Hernando Yepes Arcila being appointed as Chairman and Vice-Chairman, respectively.

The Shareholders also approved the appointment of a fourth independent member to the Board of Directors, Mr. Carlos Espinosa Soto, to replace Mr. Jorge Mario Velasquez. The Company thanked Mr. Velasquez for the valuable assistance he has provided since 2006, when first appointed. Mr. Espinosa, holds a degree in Economics from the University of Louisiana and attended the Senior Management program at INALDE Business School along with other programs at the Wharton School and Harvard Business School. He was the Chief Executive Officer of Acegrasas S.A. and currently serves as Chief Executive Officer of Grupo Espinosa. He also sits on the Boards of Directors of Teamfoods Colombia S.A. and Leonisa, and is a member of the Board of Trustees of Fedesarrollo, Fundacion Cardio Infantil and the Bogota Chamber of Commerce.


Grupo de Inversiones Suramericana –GRUPO SURA– is a Latin American company listed on the Colombian Stock Exchange and registered with the ADR- Level 1 program in the United States. It is also listed with the Latibex Market for Latin American Stocks in Euros hosted by the Madrid Stock Exchange. Furthermore, it also one of the three companies from the Latin American financial service sector to be admitted to the Dow Jones Sustainability Index (DJSI), which covers companies who have become global benchmarks thanks to the good practices they have adopted from the economic, environmental and social standpoints. GRUPO SURA holds core investments in the financial services, insurance, pension social security and investment funds sectors and non-core investments in the processed food, cement, energy, mining and real estate sectors.

Luis Eduardo MartínezDirector Relación con Inversionistas (574) 4355628

Monica Guarín MontoyaGerente Comunicaciones (574) 4355935


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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