Bancolombia S.A. Announces a Resolution of the Superintendency of Industry and Trade

Bancolombia S.A. Announces a Resolution of the Superintendency of Industry and
Trade

MEDELLIN, Colombia, Sept. 2 /PRNewswire-FirstCall/ -- Pursuant to
Resolution No. 029497 notified today, the Colombian Superintendency of
Industry and Trade ruled against Credibanco, Redeban Multicolor and its legal
representatives, in an investigation regarding alleged violations to antitrust
regulations (the "Resolution").
The Resolution declares the breach of several undertakings by Credibanco,
Red Multicolor, its legal representatives and the associated banks, among them
Bancolombia S.A. ("Bancolombia"). Additionally, the Resolution orders the
specific performance of such undertakings and the creation of new insurance
policies in favor of the Colombian Superintendency of Industry and Trade.
Bancolombia will study the Resolution and will analyze the possibility of
contesting it in accordance with applicable law.
SOURCE Bancolombia S.A.

Sergio Restrepo, Executive VP, +011-574-5108668, or Jaime A. Velasquez,
Financial VP, +011-574-5108666, or Juan Esteban Toro, IR Manager,
+011-574-5108866, all of Bancolombia