This will be the final share exchange between the Argos and Sura groups, which will put an end to the demerger process between the two organizations.

The executives of the Sura and Argos groups informed the market, through relevant information from the Financial Superintendency, how the final exchange of shares will be carried out between the two entities undergoing a spin-off process.

Thus, Grupo Argos shareholders on the cutoff date will receive 0.235880284767547 Grupo Sura shares for each Grupo Argos share they hold; while Grupo Sura shareholders will receive 0.723395840821982 Grupo Argos shares for each Grupo Sura share they hold.

As you may recall, the spin-off process between Sura and Argos began in late 2024, with the signing of a spin-off agreement by absorption between the two organizations. This agreement was approved by their respective shareholders' meetings in March of this year, marking an important milestone in the process.

Last June, the Colombian Financial Superintendency approved the same project, allowing the transaction to move forward and allowing Grupo Sura's portfolio to focus on financial services and Argos's portfolio on the energy and infrastructure sectors.

Grupo Argos explained that for the fractions of shares that correspond to the shareholders of each spin-off company, as a result of applying the respective distribution rate, in accordance with the spin-off project approved by the shareholders' meetings, each beneficiary company has established a mechanism that will allow them to monetize them and then distribute the proceeds of the sale among the shareholders.

"Once the spin-offs of the two companies are completed, Grupo Argos will have 732,449,449 subscribed shares, of which 693,633,929 will be outstanding," Argos clarified in its communication to the market authority, while indicating that once the accounting adjustments specific to the process have been made, the nominal value per share of the group will be 75 pesos, with which the company's authorized capital will be 75 billion pesos.

Regarding the share value and market capitalization that Grupo Sura will have once the spin-off operation is completed, the organization's management informed the market that it will have 514,554,854 subscribed shares, of which 327,705,908 will be outstanding.

Likewise, Grupo Sura's authorized capital will be 112.5 billion pesos, divided into 530,489,386 shares with a par value of 212.0683 pesos each.

The Demerger Plan provides that, once the share exchange transactions are completed, Grupo Argos will cease to be a shareholder of Grupo Sura and vice versa, eliminating cross-shareholdings and simplifying the control structure. Cementos Argos, for its part, will remain a direct subsidiary of Grupo Argos within the strategy of concentrating on infrastructure and construction materials , while Grupo Sura will maintain its focus on financial services and insurance.