Convening of the General Assembly of Shareholders



Convenes the ordinary meeting of the General Assembly of Shareholders to be held in the city of Medellin next March 25, 2015 at 10:00 a.m. in the Antioquia Room of the Hotel Intercontinental of Medellin.

The following agenda will be submitted to the consideration of the Assembly:

1. Quorum verification. 2. Reading and approval of the Agenda. 3. Appointment of a committee to vote counting and approval of the Minutes. 4. Joint Management Report of the Board of Directors and the President. 5. Presentation of Financial Statements as of December 31, 2014. 6. Statutory Auditor's Report. 7. Approval of the Joint Management Report of the Board of Directors and the President and of the

Financial Statements as of December 31, 2014.

8. Presentation and approval of the Profit Distribution Project. 9. Approval of appropriation for social responsibility activities. 10. Presentation Main Impacts of IFRS Convergence Process.

11. Presentation of activities and schedule to be developed during 2015 in order to embrace the recommendations of Código País.
12. Approval of an amendment to the bylaws, in order to adjust them to the recommendations made by the Código País.

13. Election and assignment of remuneration of the Board of Directors. 14. Election and assignment of remuneration of the Statutory Auditor.

Within the term prescribed in the bylaws, i.e. from February 24, 2015, the books and other documents provided by law are available to shareholders wishing to consult them, in the offices of the administration located at Cra.
43A # 1A sur - 143, Torre Sur, piso 2, Medellin - Colombia.
In addition, the proposals that will be presented by the Administration for the consideration of the shareholders, as well as the Audit and Finance Committee's recommendation for the Statutory Auditor's election, may be consulted during that same term on our website www.grupoargos.com.

Given that an amendment to the Bylaws will be submitted for the approval of the shareholders, it is noted that during the course of the meeting a shareholder or group of shareholders representing at least 5% of the share capital may request a separated voting process for one or more articles.

We would like to remind the shareholders that powers of attorney have to be granted in compliance with the provisions contained in Circular 024 of 2010 issued by the Superintendencia Financiera de Colombia, and that in no case managers or employees of the Company may act as proxies.

JOSÉ ALBERTO VÉLEZ Legal Representative
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