Grupo Nutresa S A : Communication Jorge Mario Velásquez Jaramilllo
December 28, 2021 at 05:57 pm EST
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Medellín, December 17, 2021.
For the attention of:
Mr. CARLOS IGNACIO GALLEGO
Chief Executive Officer
Grupo Nutresa S.A.
Medellín
Subject: Deliberation by the Board of Directors about the takeover bid for Grupo Sura S.A. stock.
Dear Mr. Gallego:
In order to fulfill my duties as a member of the Board of Directors of Grupo Nutresa S.A. and considering my inclusion in the summons to the Company's ordinary Board of Directors meeting that will be held today, December 17, 2021, to address the participation in the takeover bid for Grupo Sura S.A. stock, I hereby report the circumstances stated below, which could give rise to a potential conflict of interest regarding the deliberation and decisions on Grupo Nutresa's involvement in the aforementioned takeover bid for them to be duly communicated to the Company's shareholders:
I am the Chief Executive Officer of Grupo Argos S.A., as well as a member of the Board of Directors of Grupo Sura S.A.
Grupo Argos S.A. owns shares in both Grupo Sura S.A. and Grupo Nutresa S.A. In turn, both Grupo Sura S.A. and Grupo Nutresa S.A. own shares in Grupo Argos S.A.
Additionally, I am a member of the Boards of Directors of both Cementos Argos S.A. and Fundación Grupo Argos, both of which also own shares in Grupo Sura S.A.
Thus, considering that a takeover bid for Grupo Nutresa S.A. stock and another takeover bid for Grupo Sura S.A. stock are simultaneously in effect at the moment, there is a potential conflict of interest in my case as a member of the Board of Directors of Grupo Nutresa S.A. Therefore, I have decided to abstain from participating in the deliberation and decision-making process that will be carried out by the Board of Directors of Grupo Nutresa S.A. with regard to the takeover bid for Grupo Sura S.A. stock.
For the purpose of informing the Shareholders Assembly, I hereby request to have this communication read during the corresponding Assembly meeting.
Sincerely,
[Signed]
Jorge Mario Velásquez
Member of the Board of Directors of Grupo Nutresa S.A.
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Grupo Nutresa SA published this content on 28 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2021 22:56:04 UTC.
Grupo Nutresa SA, formerly Grupo Nacional de Chocolates SA, is a Colombia-based company engaged in the food processing sector. Its activities are structured in eight business segments: Cold Cuts, which specializes in the production of processed and matured meat products, ready-made meals, as well as canned foods and mushrooms; Biscuits, which includes a variety of sweet cookies and crackers; Chocolate, which comprises chocolate bars, powdered chocolate for drinks, cereal bars and peanuts snacks; TMLUC, which produces and sells instant cold drinks, pasta, coffee, snacks and soups, among others, under Tresmontes Lucchetti brand name; Coffee, which manufactures roasted and ground coffee, instant coffee, as well as coffee extracts; Retail Foods, which focuses on direct sale of food to customers; Ice Cream, which distributes water- and milk-based ice cream bowls, popsicles and cones, among others, and Pasta, which includes short, long, egg with vegetables, butter and instant pasta.
GRUPO NUTRESA S. A. 
