Grupo Argos bondholders support the Spin-Off Project

• The authorization was granted during the virtual meeting of the General Assembly of Bondholders of all issuances under the Grupo Argos Ordinary Bond Issuance and Placement Program, including Sustainability-Linked Bonds and Commercial Papers, held earlier today.
• The decision was made with the favorable vote of bondholders representing 82.12% of the outstanding balance of the loan to date, accounting for 100% of the attendees at the General Assembly of Bondholders. This marks one of the key milestones required to move forward with the transaction that will allow Grupo Argos to continue advancing in its specialization process in construction materials and infrastructure.
• Recently, BRC Ratings – S&P Global and Fitch Ratings Colombia reaffirmed the company’s AAA rating and indicated that no negative impact on liquidity conditions is expected as a result of the transaction.

On Friday, March 21, the General Assembly of Bondholders of all issuances under the current Ordinary Bond Issuance and Placement Program—including Sustainability-Linked Bonds and Commercial Papers of Grupo Argos—acting within its powers and in accordance with applicable regulations, authorized the spin-off by absorption of Grupo Argos in favor of Grupo Sura, and the spin-off by absorption of Grupo Sura in favor of Grupo Argos, under the terms outlined in the Spin-Off Project published in January 2025.

The decision was approved by bondholders representing 82.12% of the outstanding balance of the loan as of the date and by 100% of the bondholders present at the meeting, for which all required procedures and authorizations were fulfilled. Among other inputs, bondholders took into consideration the report from Alianza Fiduciaria as their legal representative, and the favorable opinions from BRC Ratings – S&P Global and Fitch Ratings Colombia regarding the potential effects of the spin-offs on the credit ratings of Grupo Argos and its bond issuances.

This authorization is one of the necessary requirements for Grupo Argos to continue moving forward with the execution of the Spin-Off Project. The next milestone will be the extraordinary Shareholders’ Meeting scheduled for March 27, where the proposed transaction will be submitted for approval. The objective of the operation is to finalize the cross-shareholdings between Grupo Argos and Grupo Sura, ensuring equal treatment for all shareholders of both companies, avoiding any transfer of value between shareholders or between the organizations, and maximizing efficiency in financial, legal, accounting, and execution terms.