Dividends

The General Shareholders´ Meeting approved at its ordinary meeting held on March 21, 2024‚ to distribute as dividends sixty five thousand five hundred twenty-nine million one hundred seventy one thousand four hundred eighty-six pesos (COP$65,529,171,486). The total amount decreed corresponds to an annual dividend of COP$50.49 per share.

The decreed dividend will be paid in four installments as follows:
a. One installment on April 9, 2024, of $7,571,445,337
b. One installment on July 9, 2024, of $7,571,445,337
c. One installment on October 8, 2024, of $25,193,140,406, and
d. An installment on December 10, 2024, of $25,193,140,406.

For shareholders who are not tax residents in Colombia, the dividend will not be taxed with income tax, dividend tax or industry and commerce tax.
By virtue of the application of the CHC regime (Colombian Holding Companies), for national shareholders the dividends will not be taxed with income tax, but with dividend tax and industry and commerce tax at the rate that corresponds to legal or natural persons according to the case and in accordance with the guidelines of the Tax Statute.

Ex-dividend period

Initial date
In accordance with the provisions of Decree 4766 of 2011 and the General Regulations of the Stock Exchange, the stock negotiations that take place between the first day of dividends payment and the four trading days prior to that date do not include the right to receive dividends (ex–dividend period).  In accordance with the dividend payment dates, the initial dates of the ex-dividend periods will correspond to the following: April 3, July 3, October 2 and December 4, 2024

Initial date

In accordance with the provisions of Decree 4766 of 2011 and the General Regulations of the Stock Exchange, the stock negotiations that take place between the first day of dividends payment and the four trading days prior to that date do not include the right to receive dividends (ex–dividend period).  In accordance with the dividend payment dates, the initial dates of the ex-dividend periods will correspond to the following: April 3, July 3, October 2 and December 4, 2024

Dividend Payment

Date of dividends declared	Date of payment	Dividend per share
21/03/2024	April 9, July 9, October 8 and December10, 2024	$50.49
23/03/2023	March 30, 2023	$167.50
24/03/2022	March 31, 2022	$ 531.00
25/03/2021	April 5 and September 1, 2021	$ 387.00
19/03/2020	April 1 to 17, 2020	$ 2.438.00
27/03/2019	April, July, October 2019 and January, 2020	$ 312.12
23/03/2018	April, July, October 2018 and January, 2019	$ 243.20
31/03/2017	April, July, October 2017 and January, 2018	$ 48.64
30/03/2016	April, July, October 2016 and January, 2017	$ 675.70

Ordinary

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