ILC and Prudential announced AFP Habitat's agreement for the acquisition of AFP Colfondos in Colombia

• Through this acquisition, AFP Habitat will take a significant step in its expansion strategy, consolidating its leadership position in the retirement savings industry.
•  Colfondos is the third largest AFP in Colombia with 2 million affiliates approximately.

ILC and Prudential Financial Inc., which together hold 80% of the ownership of AFP Habitat, announced today an agreement to acquire, through AFP Habitat S.A., 100% of the ownership of Colfondos S.A. Pensiones y Cesantías, a Colombian pension fund manager currently owned by Scotiabank and Grupo Mercantil Colpatria.

Colfondos is the third largest pension fund manager in Colombia, with 1,916,000 clients and 27 years of history. The transaction involves the purchase, by Habitat, of 100% of the ownership of AFP Colfondos. Upon completion of this operation (subject to usual closing conditions, including regulatory approvals), AFP Habitat will consolidate its presence in three countries (Chile, Peru and Colombia), reaching a market of around 100 million inhabitants and over US$850,000 million of total GDP.

The price of this transaction is 585,000,000,000 Colombian pesos (US$180 million approximately) subject to adjustments at closing. This price will be paid in cash upon shares and social rights are transferred.

For further inquiries, find attached the Material Fact related to the transaction.