Bancolombia S A : March 19, 2021, Bancolombia S.A. announces resolutions of the general shareholders meeting.

BANCOLOMBIA S.A. ANNOUNCES RESOLUTIONS OF THE GENERAL SHAREHOLDERS

MEETING

Medellin, Colombia, March 19, 2021

The General Shareholders Meeting of Bancolombia S.A., held today, adopted the following decisions:

• 1. The approval of the management's annual report for the fiscal year 2020 and other regulatory reports submitted for approval by the shareholders

• 2. The approval of the audited non-consolidated and consolidated financial statements with the accompanying notes for the fiscal year 2020 which were duly authorized by the external auditor

• 3. The approval of the proposal announced on February 24, 2021 to distribute profits and the payment of an ordinary dividend equal to COP $260 per share, to be paid as follows: COP $65 per share and per quarter on the following dates: April 5, 2021, July 1, 2021, October 1, 2021 and January 3, 2022. Such dividends will be payable to holders of outstanding common and preferred shares of Bancolombia

  The ex-dividend period is expected to begin 4 trading days before the respective payment date and end on such payment date, as follows:

  Ex-Dividend Date (*)	Payment Date (*)
  March 26, 2021	April 5, 2021
  June 25, 2021	July 1st, 2021
  September 27, 2021	October 1st, 2021
  December 28, 2021	January 3, 2022

  (*) The dates of the ex-dividend period will be subject to adjustment in accordance with the provisions of the Colombian Stock Exchange. If December 31st, 2021 is declared as a non-trading day, the ex-dividend period will begin on December 27.

4.

The reelection of Juan Fernando Celi Munera as the principal Financial Consumer Representative and Liliana Otero Alvarez as the substitute Financial Consumer Representative for the period April 2021 - March 2023

Contacts

Mauricio Rosillo Rojas	Jose Humberto Acosta	Carlos Raad Baene
Corporate VP	Financial VP	IR Director
Tel: [phone]	Tel.: [phone]	Tel.: [phone]