RESOLUTIONS FROM THE SUPERINTENDENCY OF FINANCE BANCOLOMBIA S.A. ANNOUNCES THE RETIREMENT OF THE RETAIL AND SMEs BANKING CORPORATE VICEPRESIDENT

Medellin, Colombia, July 27th, 2015
In furtherance of the senior management succession process at Bancolombia and in consideration of the interest expressed by Santiago Pérez Moreno, Retail Banking and SMEs Corporate Vicepresident, to retire and dedicate himself to his personal affairs and enjoy his pension, the Board of Directors, in a meeting held today, appointed Maria Cristina Arrastía Uribe as the new Retail Banking and SMEs Corporate Vicepresident of the Bancolombia Group.
The Board expressed its gratitude to Santiago Pérez Moreno for his 34 years as a member of the work team of the Bancolombia Group, during which time he accomplished many objectives such as the development of the SMEs business unit and the internationalization of credit cards, among many others. In addition, since 1989 he had been the leader of the strategy and the team for Personal Banking. Thanks to his leadership and strategic vision, Mr. Pérez Moreno gave this business unit a major push that allowed the Company to gain an important position in the national and regional market.
Maria Cristina Arrastía, who has been acting as Vice President of Housing and Specialized Consumer Credit, has been involved with the Bancolombia Group for 23 years, during which time she has held different positions in the commercial area. Her appointment will be effective as of October 1st, 2015, after the transition process with Mr. Pérez Moreno is complete.

Contacts

Jaime A. Velásquez Strategy and Finance VP Tel.: (574) 4042199

Jose Humberto Acosta

Financial VP

Tel: (571) 4885934

Alejandro Mejía

IR Manager

Tel.: (574) 4041837

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