Bancolombia S A : Model of written power of attorney for entities.

_______________________________________________________, of legal age, identified with ID number

__________________________ issued in _____________________, as legal representative of __________________________,

identified with NIT ____________________ as shareholder Bancolombia S.A., by means of this document I confer

special, broad and sufficient power of attorney to ___________________________________, also of legal age, identified

with ID number ______________________ issued in _____________________, to represent the mentioned shareholder

entity at the General Shareholders´ Meeting of Bancolombia S.A., which will be held on Friday, March 18, 2022, at 10:00 a.m. am, at the Intercontinental Hotel, located at Calle 16 Nº 28 - 51 Km. 5 Vía Las Palmas, in the city of Medellin.

In the event that the meeting is postponed or suspended, this power of attorney will be valid for subsequent meetings that are a consequence or continuation of it.

The proposed agenda for the meeting is as follows:

1. Quorum verification
2. Reading and approval of the agenda
3. Election of commission for scrutiny, approval and signing of the minutes
4. Management report of the Board of Directors and the President
5. Report of the Audit Committee
6. Separated and consolidated financial statements
7. Opinions and report of the External Auditor
8. Approval of the financial statements and administration reports
9. Profit distribution project and constitution of reserve for social benefit
10. Election of the External Auditor for the period 2022-2024 and fees
11. Remuneration of the Board of Directors
12. Bylaws modification

I hereby certify that the attorney-in-fact has precise instructions for voting on the proposals.

Attached:

• Copy of the identity document of the shareholder and proxy
• Certificate of existence and representation with no more than 3 months since issued

Sincerely,

___________________________________

Legal Representative of the shareholder signature Name of the shareholder:

ID number of the shareholder: Name of the legal representative:

ID number of the legal representative: Date:

Phone number E-mail