Grupo Aval Acciones y Valores S A : Proposal to Amend Policy for the appointment and compensation of the board of directors

PROPOSAL TO AMEND "POLICY FOR THE APPOINTMENT AND COMPENSATION

OF THE BOARD OF DIRECTORS" OF GRUPO AVAL ACCIONES Y VALORES. Bogotá D.C., march 15, 2024

In the event that the Proposed Statutory Reform established in the agenda is approved, it is necessary to propose to the General Shareholders' Meeting of Grupo Aval Acciones y Valores S.A., a modification to the "Policy for the Appointment And Compensation Of The Board Of Directors", which consists in the elimination of the following section:

Original Draft	Proposal
(…)	(…)
Compensation of the Board of Directors:	Compensation of the Board of Directors:
The General Shareholders Meeting shall be in	The General Shareholders Meeting shall be in
charge of establishing the amount of fixed fees	charge of establishing the amount of fixed fees
to be paid to the directors, as compensation for	to be paid to the directors, as compensation for
their attendance to the Board of Directors	their attendance to the Board of Directors
meetings or to its Support Committees.	meetings or to its Support Committees.
Alternate members attending to the meetings	Alternate members attending to the meetings
of the Board of Directors, shall be entitled to	of the Board of Directors, shall be entitled to
earn the same compensation of the principal	earn the same compensation of the principal
members, even if they do not act in their	members, even if they do not act in their
replacement.	replacement.
(…)	(…)

JORGE ADRIÁN RINCÓN PLATA

Legal Representative

GRUPO AVAL ACCIONES Y VALORES S.A.