Investor Presentation

Colombian Economy Strong underlying momentum . Growth prospects have solidified as the re-opening has progressed Colombia continues to build on its 17 free-trade agreements with 65 countries that account for 41.7% of global GDP Services and consumption, reflecting an expanding middle class, account for rising shares of Colombian GDP compared with traditional strengths in extractive industries GDP 2021: 10.6% GDP 2022F: Sources: Scotiabank Economics, Bloomberg, as of May 5, 2022. 5.8% GDP 2023F: 3.7% 13.5% Finance, Insurance, & Real Estate 3.1% Arts & Entertainment 18.1% Wholesale, Retail Trade, Accommodation & Food Services 12.2% Manufacturing 10.8% Other 6.0% Natural Resources 3.0% Information & Communication COLOMBIAN GDP BY INDUSTRY (Q4-2021) 6.8% Professional, Scientific, & Technical Services 15.2% 6.9% Mining and Oil & Gas Extraction 4.6% Construction Public Administration Top Trading Partners* -10 -15 2505052422 Contributions to Colombian GDP Growth y/y % change 15 10 -5 Other* Net Exports Investment Government Consumption Real GDP 17 18 19 20 *Statistical discrepancy, subject to revision. Sources: Scotiabank Economics, Haver Analytics. 21 21 United Others States 32% 27% Brazil 5% China Mexico 5% 19% EU 12% * Trade data updated as of Q4-2021. 63 63

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