BANCOLOMBIA S.A. ANNOUNCES RESOLUTION OF THE BOARD OF DIRECTORS

Medellin, Colombia, November 24, 2020

At the meeting held today, the Board of Directors of Bancolombia S.A. ("Bancolombia") unanimously authorized Jose Mauricio Rodriguez Rios, Chief Internal Auditor Officer, to proceed with the sale of his units in an investment portfolio (Fondo de Acciones SVA) which represent shares of Bancolombia.

The sale transaction by Mr. Rodriguez Rios will be made in accordance with Bancolombia's internal procedures for the sale and purchase of its shares by officers, which are publicly available on Bancolombia's Investor Relations website at www.grupobancolombia.com.co, in the "Corporate Governance" section.

Contacts

Mauricio Rosillo Rojas

Jose Humberto Acosta

Carlos Raad Baene

Corporate VP

Financial VP

IR Director

Tel: (571) 4885675

Tel.: (571) 4885934

Tel.: (571) 4885371

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Bancolombia SA published this content on 24 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 23:14:01 UTC