BANCOLOMBIA S.A. ANNOUNCES THE EARLY TENDER RESULTS RELATING TO THE OFFER TO PURCHASE OF ITS 3.000% SENIOR NOTES DUE 2025 AND UP TO U.S. $400,000,000 OF ITS OUTSTANDING 6.909% SUBORDINATED NOTES DUE 2027

MEDELLIN, Colombia, June 17, 2024 /PRNewswire/ -- Bancolombia S.A. ("Bancolombia") announced today the results as of 5:00 p.m. New York City time, on June 14^t, 2024 (the "Early Tender Date"), of its previously announced cash tender offer (the "Offer") for specified series of its outstanding debt security (the "Notes") subject to the terms and conditions as described in the offer to purchase dated June 3, 2024 (the "Offer to Purchase").

As of the Early Tender Date, USD $267,421,000 aggregate principal amount of the 3.000% Senior Notes due 2025 and USD $283,632,000 aggregate principal amount of the 6.909% Subordinated Notes due 2027 had been validly tendered and not validly withdrawn. The settlement date for the Notes accepted for purchase is expected to occur on June 24^th, 2024 (the "Early Settlement Date"). In addition to the applicable total consideration set forth in of the Offer to Purchase, which includes the applicable early tender payment, such holders are also receiving, in respect of such Notes, accrued and unpaid interest from the last interest payment date for the Notes to, but not including the Early Settlement Date. 

BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the dealer managers for the Offer. Global Bondholder Services Corporation has been appointed as the information and tender agent for the Offer. Persons with questions regarding the Offer should contact BofA Securities, Inc. at (888) 292-0070 or (980) 387-3907, Citigroup Global Markets Inc. at (800) 558-3745 or (212) 723-6106, J.P. Morgan Securities LLC at (866) 846-2874 (toll-free) or (212) 834-7279 (collect). In addition, holders of Notes may contact their broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer.  

This announcement shall not constitute an offer to sell or the solicitation of any offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification, or exemption from registration of such securities under the securities law of any such state or jurisdiction. 

Forward-Looking Statements

This release and the Offer to Purchase contain statements which may constitute "forward-looking statements."  These forward-looking statements are not based on historical facts, but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control.  Words such as "anticipate," "believe," "estimate," "approximate," "expect," "may," "intend," "plan," "predict," "target," "forecast," "guideline," "should," "project" and similar words and expressions are intended to identify forward-looking statements.  It is possible that our actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements.  Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update publicly or revise any forward-looking statements after the date on which they are made in light of new information, future events and other factors.

SOURCE Bancolombia S.A.

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