Board decisions

Odinsa S.A. informs that today, the Board of Directors in its ordinary session,
authorized the Company’s Administration to convene the General Assembly of
Shareholders and the Assemblies of Bondholders, to deliberate and decide on the
potential merger by absorption by Odinsa SA of its subsidiary Odinsa Holding Inc.
and, likewise, promote the procedures and procedures aimed at completing the
operation, which includes obtaining the corresponding corporate, governmental,
legal, contractual and statutory authorizations. The dates of the meetings will be
at the discretion of the legal representative and will depend on the needs of the
The foregoing is part of the corporate optimization process that the Company has
been carrying out, which aims to simplify and adjust the corporate structure to the
Company’s current strategy, seeking not only to generate value, but also to obtain
operational and administrative efficiencies.

Situations financial transmitter

Odinsa S.A. informs the transmission and publication of its separate and consolidated
financial statements as of March 31, 2021.