Rafael Ignacio Correa Gutiérrez

Fiduciaria Bancolombia SA is the investment management subsidiary of Bancolombia SA (BO: BCOLOMBIA, NYSE, ADR: CIB) in Colombia. The firm was founded in 1995 when Fidubic merged with Sociedad Fiduciaria Suramericana. In 1998 Fiducolombia merged with Fiduciaria Suramericana and with BIC SA Sufibic. In 2005, Fiducolombia SA absorbed Sociedad Fiduciaria Corfinsura SA and changed their name to Fiduciaria Bancolombia SA in 2006. Headquartered in Bogota, Fiduciaria Bancolombia provides trust services to private and government clients.

Bancolombia SA (Research Firm) is the investment research division of Bancolombia SA (BVC: BCOLOMBIA, NYSE: CIB), a full-service financial institution headquartered in Medellin, Colombia. Founded in 1998, the firm provides research analysis for a diversified individual and corporate customer base throughout Colombia, as well as in other jurisdictions, such as Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru and Guatemala.

Corredores Davivienda SA Comisionista de Bolsa (Davivienda Corredores) is the securities brokerage subsidiary of Banco Davivienda SA, which is owned by Grupo Bolivar SA (BVC: GRUPOBOL) in Colombia. The firm was founded in 1980 and formerly known as Corredores Asociados SA Comisionista de Bolsa. Davivienda Corredores is headquartered in Bogota and provides brokerage services to institutional investors.

Corporación Financiera Colombiana SA (Broker) (CFC Broker) is the brokerage division of Corporación Financiera Colombiana SA. The firm is headquartered in Bogota, Colombia. CFC Broker provides brokerage services to their clients.

Leasing Bancolombia SA Compañía de Financiamiento provides financing services. It offer leasing solutions for equipment, vehicles, real estate, and financial investment. The company was founded in 1978 and is headquartered in Medellín, Colombia.

Colfondos SA Pensiones y Cesantías (Colfondos) is the Colombian pension fund management subsidiary of AFP Habitat SA, which is owned by Prudential Financial, Inc. (NYSE: PRU) in the US. Founded in 1991, the firm is headquartered in Bogota and manages employee pension and severance funds.

Part of Los Olivos Candelaria Ltda., Aseguradora Solidaria de Colombia SA provides life and non-life insurance services. The company is based in Bogota, CO. Aseguradora Solidaria de Colombia was acquired by Los Olivos Candelaria Ltda. on September 06, 2006.

AFP Porvenir SA (Porvenir) is an independent Colombia-based pension and unemployment fund management firm which was founded in 1991. Headquartered in Bogota, Porvenir is a socially responsible investor which participates in the Bogota International Half Marathon, sponsors the Ciclovía event and funds Colombian athletes to encourage athletics.

Valores Bancolombia SA Comisionista de Bolsa is the broker/dealer subsidiary of Bancolombia SA (NYSE: CIB) in Colombia. Formerly Suramericana de Valores SA SUVALOR Comisionista de Bolsa, the firm is headquartered in Medellin and offers brokerage services to various investors.

Fiduciaria Bogotá SA (FIDUBOGOTÁ) is the trust management subsidiary of Banco de Bogota SA, itself a subsidiary of Grupo Aval Acciones y Valores SA (BG: GRUPOAVAL; NYSE, ADR: AVAL) in Colombia. Founded in 1990, the firm is headquartered in Bogota and offers a range of portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations and investment companies.