Bancolombia made an in-kind contribution of
38 real estate properties to private equity fund Colombia Inmobiliaria.
The 38 properties are valued at approximately
Ps. 2,034,874,029. Colombia Inmobiliaria will be managed by Bancolombia’s
subsidiary Fiduciaria Bancolombia S.A.
issued by Colombia Inmobiliaria. These securities are expected to be traded on
the Colombian Stock Exchange.