September 10, 2021

Medellín, Colombia

BANCOLOMBIA S.A. ANNOUNCES THE APPROVAL OF A CAPITAL INVESTMENT IN THE UNITED STATES OF AMERICA BY THE COLOMBIAN SUPERINTENDENCY OF FINANCE

On this date, the Colombian Superintendency of Finance authorized Valores Bancolombia S.A. Comisionista de Bolsa, an affiliate of Bancolombia S.A., to make a capital investment in the United States of America with the objective of obtaining a broker-dealer and a registered investment adviser license.

The beginning of operations is expected for the first half of 2022, but it's subject to receival of FINRA membership approval for the broker dealer and the authorization from the Securities and Exchange Commission for both the broker dealer and the registered investment adviser.

The ability to operate in the United States is a major milestone in Grupo Bancolombia's international strategy to have a greater and better portfolio of capital markets services to its clients, and will enable Grupo Bancolombia to offer securities transactions in equities, debt instruments and mutual funds, as well as portfolio management in the United States.

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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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.