RESOLUTIONS FROM THE SUPERINTENDENCY OF FINANCE


BANCOLOMBIA S.A ANNOUNCES PROFIT DISTRIBUTION PROPOSAL AND RESERVES


Medellin, Colombia, March 3, 2016


The table below summarizes the profit distribution proposal that the Board of Directors of Bancolombia S.A. will submit to the General Shareholders' Meeting, to be held on March 16, 2016.


In Colombian Pesos - COP


Gross income 2015 2,700,499,959,862.70


Provisions for income tax 237,722,012,109.11


Net Profit 2015 Fiscal Year 2,462,777,947,753.59


Equity method for the year 2015 1,111,739,346,693.97


Profit before equity method 1,351,038,601,059.62


Plus retained earnings recorded in the opening balance sheet and carried over from fiscal years

2014 and 2015 55,426,961,893.99


Plus release of 2014 fiscal year reserves-Decreto

2336 de 1995 377,470,533,066


Plus release of non-taxable legal reserves from

previous fiscal years 664,091,803,018.96


Plus release of provisions for the payment of

preferred shares dividends 57,701,443,512


Total To be Paid Out 3,617,468,689,244.57


Minus legal reserve for 2015 fiscal year - Decreto

2336 de 1995 421,730,330,357.39


Minus 2016 wealth tax 123,003,856,000.00

Minus retained earnings recorded in the opening balance sheet and carried over from 2014 and

2015 fiscal years 55,426,961,893.99


Minus provision for legal reserve for 2015 fiscal

year profits 2,163,089,745,753.19


Contacts

Jaime A. Velásquez Jose Humberto Acosta Alejandro Mejía Strategy and Finance VP Financial VP IR Manager


For the payment of a dividend in respect of 509,704,584 common shares and 452,122,416 preferred shares, subscribed and paid as of December 31, 2015, in the amount of COP

$888.12 per share, to be paid as follows: $222.03 per share and per quarter on April 1 2016, July 1, 2016, October 3, 2016 and January 2, 2017.


854,217,795,240.00


TOTALS 3,617,468,689,244.57 3,617,468,689,244.57



Each ex-dividend period will be the period beginning 4 trading days before each payment date through such payment date, as follows:


Ex dividend date

Payment date

March 28, 2016

April 1, 2016

June 27, 2016

July 1, 2016

September 27, 2016

October 3, 2016

December 27, 2016

January 2, 2017



Contacts

Jaime A. Velásquez


Jose Humberto Acosta


Alejandro Mejía

Strategy and Finance VP

Financial VP

IR Manager

Bancolombia SA issued this content on 03 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 March 2016 08:52:33 UTC

Original Document: http://www.grupobancolombia.com/wps/wcm/connect/8c1379fd-0c50-4747-92fc-1f08794dd1c1/Bancolombia+announces+PDP+March+3+2016.pdf?MOD=AJPERES