Sala de Prensa // Organización Bancolombia

Board of Directors

According to the amendment to the by-laws of Bancolombia approved on March 1, 2010 by the shareholders at the General Shareholders’ Meeting, the Board of Directors of Bancolombia is composed of nine (9) directors, each elected for a two-year term, with no alternate directors being provided for. The Directors must be accepted by the Superintendency of Finance, with regard to their professional performances and credit history. The current members of the Board of Directors, appointed on March 1, 2010, are as follows:

Gonzalo Alberto Pérez Rojas

He was born in 1958. He is the President of Inversura S.A. He held different management positions at Compañía Suramericana de Seguros since 1981, such as Vice President of Corporate Businesses and Vice President of Insurance and Capitalization.

Mr. Pérez Rojas is also a member of the board of directors of Interoceánica de Seguros S.A. (Republic of Panama), Fasecolda (Federación de Aseguradores Colombianos), Fondo de Prevención Vial (entity related to Federación Nacional de Aseguradores Colombianos), Colombiana de Inversiones S.A. and Fundación Suramericana.