0bb7a97a-23cf-4dc0-abbc-e159088e1c94.pdf BANCOLOMBIA AND ITS SUBSIDIARY LEASING BANCOLOMBIA ANNOUNCE THE INITIATION OF A MERGER PROCESS

Medellin, Colombia, June 20, 2016

Today, the Board of Directors of Bancolombia S.A and Leasing Bancolombia S.A Compañia de Financiamiento, approved the initiation of a merger process pursuant to which Bancolombia will acquire its subsidiary specialized in leasing business.

The merger, which seeks to take advantage of the synergies and complementarities between both companies, the achievement of increased looking for efficiencies and a better value proposal to Grupo Bancolombia´s clients, is expected to close during the third quarter of 2016.

After obtaining all the authorizations required by the Superintendence of Finance of Colombia, the merger proposal will be presented to the shareholders of both companies for their approval.

In the appropriate time, Bancolombia and Leasing Bancolombia will publish a press release regarding the terms of the merger and call for a shareholders meeting.

Contacts

Jaime A. Velásquez

Jose Humberto Acosta

Alejandro Mejía

Strategy and Finance VP Tel.: (574) 4042199

Financial VP

Tel: (571) 4885934

IR Manager

Tel.: (574) 4041837

Bancolombia SA published this content on 20 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 June 2016 07:25:01 UTC.

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