In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. hereby announces that the General Assembly of Shareholders at their annual meeting appointed a new Board of Directors for the period 2015 to 2017, whose members are:

Jaime Bermúdez Merizalde (Miembro Independiente)

Carlos Antonio Espinosa Soto (Miembro Independiente)

Luis Fernando Alarcón Mantilla (Miembro Independiente)

Sergio Michelsen Jaramillo (Miembro Independiente)

José Alberto Vélez Cadavid

Carlos Ignacio Gallego Palacio

Jorge Mario Velásquez Jaramillo

They also approved the fees to be paid to each member of the Board of Directors from April 2015 to March 2016, in the amount of COP 6,000,000 per month.