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2013 Press Releases

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11/14/13Grupo Security Profit Up 15.5% To Ch$36,442 Million For First Three Quarters of 2013
Ebitda rose 20.2% with respect to 2012, reaching Ch$56,299 million. Grupo Security posted profit of Ch$36,442 million for the nine months ended September 30, 2014, 15.5% greater than the first nine months of 2012. Ebitda rose 20.2% with respect to 2012, reaching Ch$56,299 million. Grupo Security's profit for the last twelve months totals Ch$51,441 million.The company highly diversified its revenue sources with the insurance area accounting for 35% of Grupo Security's profit from business... 
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10/30/13Grupo Security to Distribute Dividend of Ch$2.50 Per Share
In a meeting of the Board of Directors of Grupo Security held this morning, the board agreed to pay a total dividend of Ch$2.50 per share, distributed as follows: (i) an interim dividend of Ch$1.00 per share, to be paid in cash and charged to 2013 retained earnings; and (ii) an additional dividend of Ch$1.50 per share, to be paid in cash and charged to retained earnings from prior years.             According to Renato Peñafiel, CEO of Grupo Security, “Th... 
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09/05/13Grupo Security Completes Important Bond Placement For UF 3 Million
The funds will be used to finance part of the acquisition of the financial businesses operating under the Cruz del Sur brand. This morning, Grupo Security successfully placed corporate bonds on the local market for UF 3 million. IM Trust and Bci advised on the issuance. Renato Peñafiel, CEO of Grupo Security, commented that “the success of this bond issuance is an unequivocal show of trust in Grupo Security as a solid, diversified and consolidated financial group. The market's ong... 
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08/16/13Grupo Security Profit Up 28.8% in First Half Of 2013
Results can be explained by strong performances from Vida Security and Factoring Security, which increased 110% and 60%, respectively, over the same period in 2012.   Another highlight during the period is the integration of the Cruz del Sur companies.Grupo Security posted profit of Ch$25,490 million for the first half of 2013, an increase of 28.8% over the same period in 2012. Ebitda rose 32.7% with respect to 2012, reaching Ch$38,857 million in the first half of 2013.Grupo ... 
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08/13/13Minister Felipe Larrain and Economist Ricardo Caballero Analyzed the Current Macroeconomic Landscape
According to the finance minister, the Chilean economy is experiencing a period of moderate deceleration and its major strength is its fiscal position.   Caballero indicated that the world is in a transitional phase where developed countries are recovering and emerging markets are slowing down. In order to analyze the current economic situation and provide macroeconomic perspectives on Chile and the world, Grupo Security hosted a seminar this morning in the W Hotel... 
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08/12/13Minister Felipe Larrain and Economist Ricardo Caballero to Speak at Grupo Security Economic Seminar
At the event, entitled “A Solid Outlook in Unstable Waters”, Chile's finance minister and the Ford International Professor of Economics and director of MIT's World Economic Laboratory will analyze the current domestic and global economic landscape.   In order to analyze the current economic situation and provide macroeconomic perspectives on Chile and the world, this TUESDAY, August 13, Grupo Security will host a seminar entitled “A Solid Outlook in Unstable Waters”, feat... 
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07/26/13Grupo Security Successfully Completes Capital Increase and Raises US$113.4 Million
The preferential option period for Grupo Security's capital increase concluded successfully yesterday. This culminates the process initiated in April after being approved at an extraordinary shareholders' meeting. A total of 301,408,069 million shares were subscribed, raising Ch$57,268 million.The placement price was Ch$190 per share, which included an option to subscribe approximately 0.25 shares for each share subscribed in the first round during a two-year period at the same share pric... 
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07/03/13Grupo Security Shareholders Party to Agreement Subscribed Preferential Option
During the first week of the preferential option period, Grupo Security's related shareholders subscribed more than 60% of the shares offered during this phase. Just a few weeks after the preferential option period began for Grupo Security's capital increase, the group's majority shareholders have already subscribed their portion, showing strong support for its projects, specifically the recent acquisition of the Cruz del Sur companies. Of the total 377,741,395 shares to be subscrib... 
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06/18/13Grupo Security's Main Shareholders Commit to Participate In Capital Increase
The process, advised by IM Trust and BCI, expects to raise US$145 million. The preferential option period will take place between Monday, June 24 and Wednesday, July 24. With a series of investor meetings led by Chairman Francisco Silva and CEO Renato Peñafiel, Grupo Security initiated a road show to place 377,741,395 shares as part of the capital increase approved at an extraordinary shareholders' meeting in April 2013.         This process commenced after the S... 
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06/11/13Grupo Security Closes on Purchase of Cruz Del Sur
Through this transaction, Grupo Security will substantially increase its size and position itself among the country's most important financial groups.   This morning Grupo Security completed the acquisition of the financial businesses operating under the Cruz del Sur brand, adding one of the market's most prestigious companies to the group, as was reported today to the Securities and Insurance Supervisor after signing the deal and making a payment of UF 6,273,407, equivalent ... 
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05/30/13Grupo Security Sets Share Price at Ch$190 For Capital Increase
This marks a new step for Grupo Security in the Cruz del Sur purchase process. The acquisition will enable the group to take a new leadership position in attractive, growing business segments within the financial industry. In a meeting held today, the Board of Directors of Grupo Security set the price at Ch$190 per share for the capital increase involving 377 million shares that is currently underway, which was approved at an extraordinary shareholders' meeting in April.The capital incr... 
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05/16/13Grupo Security Profit Up 71% in First Quarter 2013
Group's consolidated profit for last twelve months ending March 30, 2013, was Ch$52,619 million, which is more than US$110 million.   The positive results were driven mainly by a strong performance from the insurance area. Grupo Security posted profit—attributable to shareholders—of Ch$14,589 million for the first quarter of 2013, an increase of 71% over the same period in 2012. Ebitda rose 57.9% with respect to 2012, reaching Ch$20,936 million in the first quarter of 20... 
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04/30/13Risk Rating Agencies Confirm Grupo Security's Rating
Following Grupo Security's announcement regarding its acquisition of the Cruz del Sur companies, risk rating agencies Fitch Ratings and Feller Rate assigned Grupo Security “A+(cl)/ A+” ratings. Both agencies highlighted the credit quality of the Security companies' investment portfolios, their diversified revenue and the conservative criteria that the group has traditionally applied in issuing debt. After Grupo Security announced that it had signed a promissory contract to acquire the C... 
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04/30/13Grupo Security Forecasts Important Commercial and Operating Synergies After Purchase of Cruz Del Sur
In 2012, Grupo Security reported profit for the year of Ch$46,561 million, equivalent to approximately US$100 million. For the year 2012, Grupo Security posted strong growth with profit Ch$46,561 million, equivalent to approximately US$ 100 million, which represents an increase of 12.2% over 2011. Return on average equity was 12%, as reported today at an ordinary shareholders' meeting.After recapping the year for shareholders, the chairman of Grupo Security, Francisco Silva, highlighted... 
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04/09/13Grupo Security's Board Agrees to Issue 377,741,395 Shares As Part of Capital Increase Approved by Shareholders
The funds raised will be used to partially finance the purchase of the Cruz del Sur companies. In an extraordinary meeting held April 8, the Board of Directors of Grupo Security agreed to issue 377,741,395 new shares as part of the capital increase approved by shareholders at an extraordinary shareholders’ meeting. The resources obtained will be used to partially finance the acquisition of the Cruz del Sur companies. The entity also indicated that its majority shareholders have agreed ... 
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04/08/13Grupo Security Shareholders Approve Capital Increase of Up to 500 Million Shares
The process is intended to help finance the acquisition of the financial businesses operating under the Cruz del Sur brand. The deal will consolidate the competitive position of the Security companies. Today Grupo Security shareholders approved a capital increase of up to 500 million shares, as reported following the extraordinary shareholders' meeting. The capital increase is intended to help finance the acquisition of the financial businesses operating under the Cruz del Sur bra... 
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03/15/13Grupo Security Profit Up 12.2% in 2012
For the year ended December 31, 2012, Grupo Security posted profit of Ch$46,561 million, driven mainly by strong performances from Vida Security, Factoring Security and Travel Security. Profit for the fourth quarter of 2012 reflected an increase of 51.8% with respect to the same period in 2011. Grupo Security reported profit of Ch$46,561 million for the year 2012, which represents an increase of 12.2% over 2011. With this, return on average equity was 12%. Grupo Security reported... 
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03/14/13Grupo Security Signs Deal to Purchase Cruz Del Sur Companies from Grupo Angelini for UF 6.2 Million
The transaction involves the life insurance, asset management, stock brokerage, advisory and mortgage bond management subsidiaries Post-transaction, Grupo Security will rank third in the non-retirement insurance market and fourth in mutual funds under management and share volumes traded.Today Grupo Security reported the following material event to the Securities and Insurance Supervisor: the signing of a promissory contract to acquire the financial businesses operating under the Cru... 
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