September 10, 2021

Medellín, Colombia

BANCOLOMBIA S.A. ANNOUNCES SANCTION BY THE COLOMBIAN SUPERINTENDENCY OF FINANCE

Bancolombia S.A. (NYSE: CIB) announced that a fine of five hundred million Colombian pesos (COP 500,000,000) (approximately USD130,000*) has been imposed on Bancolombia S.A. by the Colombian Superintendence of Finance (Superintendencia Financiera de Colombia) through Resolution 0973 of September 7, for alleged operational errors in the control of the collection of the interest rates for 1,079 housing loans, equivalent to 0.45% of the current housing portfolio.

At the time, Bancolombia informed the affected customers, corrected the charges and made the applicable refunds in accordance with the law.

* Market representative rate on September 10, 2021: USD 1 = COP 3,829.72

Contacts

Mauricio Rosillo

Jose Humberto

Carlos Daniel

Rojas

Acosta

Raad

Corporate VP

Financial VP

IR Director

Tel: (571)

Tel: (571)

Tel: (571)

4885675

4885934

4885371

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Disclaimer

Bancolombia SA published this content on 10 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 18:21:04 UTC.