Bogotá, September 30, 2020. The Board of Directors appointed Mr. Diego Fernando Solano Saravia, who currently serves as Chief Financial Officer and Second Alternate to the Legal Representative, as First Alternate to the President of the company. The Board of Directors also appointed Mr. Jorge Adrián Rincón Plata, who currently serves as the company's Chief Legal Counsel, as the Second Alternate of the company's President.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Grupo Aval Acciones y Valores SA is a Colombia-based holding company primarily engaged, through its subsidiaries, in the acquisition, purchase and sale of stocks, bonds and other securities of companies active in the financial sector. The Company provides a variety of financial services and products across the Colombian market, ranging from traditional banking services, such as loans and deposits to pension and severance fund management, as well as the provision of legal representation services. The Company owns such subsidiaries as Banco de Bogota SA, Banco Popular SA, among others. Additionally, through its indirect and direct investments in other companies, the Company is present in the activities of investment baking and investments in the real sector, as well as the administrator of pension and severance funds in Colombia.
GRUPO AVAL ACCIONES Y VALORES S.A. 
