Cementos Argos S A : Attached, relevant information regarding the issuance of ordinary bonds.

SECOND ISSUANCE OF ORDINARY BONDS UNDER THE GLOBAL ISSUANCE PROGRAM OF

ORDINARY BONDS AND COMMERCIAL PAPERS BY CEMENTOS ARGOS S.A.

Cementos Argos S.A. carried out the second issuance of ordinary bonds in the Colombian public stock market under the global issuance program of ordinary bonds and commercial papers for a total amount of two hundred fifty billion pesos ($250.000.000.000). The issuance had bids for three hundred sixty-two billion seven hundred forty million pesos ($362.740.000.000), with a bid- to-cover of 1.81 times over the amount initially offered.

The use of the proceeds will be to substitute current financial debt, so that this issuance does not imply an increase in the level of indebtedness. This operation benefits the maturity profile of the debt and allows us greater financial flexibility.

In accordance with the provisions established in Section 3.2. of Article 6.1.1.1.5. of the Decree 2555/2010, the following are the features of the ordinary bonds and the placement:

Subseries	C51
Issuance date	11/25/2020
Term	51 months
Expiration date	02/25/2025
Indexation	CPI
Maximum yield	2.75%p.a.
Yield	2.24%p.a.
Yield optimization	51bps
Interest payment period	Quarterly
Capital amortization	At maturity
Interest payment dates	Every February 25th,
	May 25th, August 25th,
	November 25th until
	the maturity date
Base	365
Amount demanded	$362.74 billion
Amount awarded	$250 billion
Nominal value	$1,000,000

The issuance was led by Banca de Inversión Bancolombia S.A. Corporación Financiera, as Arranger and Lead Placement Agent. Valores Bancolombia S.A. Comisionista de Bolsa acted as Placement Agent.

November 25th, 2020