Board of Directors decisions

Odinsa SA is hereby informed that the Board of Directors, in an ordinary meeting held today, approved the separate and consolidated Financial Statements at the end of the year, as of December 31, 2020, as well as the opinion of KPMG as fiscal auditor, which They will be submitted to the consideration of the ordinary General Shareholders’ Meeting, which will be held in person on March 19, at 10:00 AM, at the Santillana Business Center, located at Carrera 43 A No. 1 A Sur – 143, from the city of Medellín.

Granting of guarantees, bonds, guarantees in favor of third parties

Odinsa SA informs that with prior authorization from the Board of Directors, it renewed a guarantee of fifteen million US dollars (USD 15,000,000), in order to guarantee a renewed credit with Banco de Bogotá New York by Odinsa Holding Inc. controlled by Odinsa SA and through which it develops road and airport concession projects at an international level.

The purpose of the aforementioned loan is to have working capital and to refinance pre-existing credits, in order to optimize their conditions. This operation does not constitute a change in the level of indebtedness of the subsidiary nor does it represent an increase in the final amount of the guarantees granted by Odinsa S.A.