Subject: Proposal for the creation of a reserve for the repurchase of shares, the change in destination from the occasional reserve and a share repurchase program.
The Shareholders' Assembly is requested to:
Authorize the creation of a reserve for the repurchase of Common shares and Common non-voting shares with preferred dividend of Cementos Argos S.A.
The transfer of COP 125,000,000,000 from the occasional reserve for the strengthening of equity to the reserve for the repurchase of shares.
Authorize the repurchase of Common shares and Common non-voting shares with preferred dividend of Cementos Argos S.A. through a repurchase program of up to COP 125,000,000,000 with a maturity of up to one year (from now on the "Repurchase Program")
Authorize the Board of Directors of Cementos Argos S.A. to regulate the Repurchase Program previously mentioned and define and approve the terms and conditions of the same. The repurchase must be carried out through mechanisms that guarantee equal conditions to all shareholders and the repurchase price for each type of share will be set based on technically recognized methods, in compliance with current regulations.
In the event that the Board of Directors considers that the internal or market conditions are not adequate to carry out the repurchase of shares, the company will not be obliged to implement, totally or partially, the repurchase of shares.
Cordially,
(Spanish version dully signed)
Jorge Mario Velásquez
President
Board of Directors
Cementos Argos S.A.
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Cementos Argos SA published this content on 10 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2023 19:43:07 UTC.
Cementos Argos SA is a Colombia-based company engaged in the production of cement, aggregates and concrete mix products, such as white and gray cement, lime and mortar. It is also involved in the operation and management of quarries and deposits of clay and limestone. The Company has its production plants located in Sogamoso, San Gil, Barranquilla, Toluviejo, Sabanagrande, Nare, Cairo, Rioclaro and Yumbo. The Company owns such subsidiaries as Valle Cement Investments Ltda, Lafarge Cementos SA de CV, Sociedad Portuaria Las Flores SA, Concretos Argos SA, Ganaderia Rio Grande SAS, Urbanizadora Villa Santos SAS, Transatlantic Cement Carriers Inc, Lafarge Cementos SA de CV, Ciments Guyanais and Argos SEM SA, among others.
CEMENTOS ARGOS S.A. 
