Bancolombia : announces appointment of supporting committees by the Board of Directors

Medellín, Colombia, May 27, 2014
The Bank's Board of Directors revised the composition of the supporting committees. Each committee includes directors who qualify as independent. The committees assist the Board in carrying out its duties.

Risk Committee:

The Risk Committee is composed of the following individuals: Roberto Steiner Sampedro, independent director
Hernando José Gómez Restrepo, independent director
David Bojanini García
Mr. Steiner will be Chairman of this Committee

Audit Committee:

The Audit Committee will continue to be composed of the following individuals: Ricardo Sierra Moreno, independent director
Rafael Martinez Villegas, independent director and finance expert of the Committee
Hernando José Gómez Restrepo, independent director Mr. Gómez will be Chairman of this Committee Corporate Governance Committee
The Corporate Governance Committee is composed of the following individuals:

Jose Alberto Vélez Cadavid, director

Rafael Martínez Villegas, independent director

Carlos Raúl Yepes Jiménez, CEO

Mr. Vélez will be Chairman of this Committee

Designation, Compensation, and Development Committee

The Designation, Compensation, and Development Committee is composed of the following individuals:

Jose Alberto Vélez Cadavid

David Bojanini García

Ricardo Sierra Moreno, independent director

Mr. Vélez will be Chairman of this Committee.

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