IR Approval Quota Credits 2022

Odinsa S.A. informs that the Board of Directors in its ordinary meeting today, authorized for the year 2022, the permanent revolving indebtedness quotas, for different credit operations, with different entities in order to guarantee financial flexibility to the company.

In this sense, existing bank loans and intercompany loans may be renewed, as well as replaced; In addition, carry out derivative operations, as follows:

• Bank loans: Renew current credit operations with the same entities or with any other financial entity for a maximum value of up to COP 218 billion, disbursable in pesos or dollars.
• Intercompany Credits: Approve the quota for loans or operations with related companies for up to USD 40 million or its equivalent in pesos.
• Derivatives: Approve a quota of derivative operations with any financial entity for a maximum value of up to USD 145 million.

It should be noted that the above authorizations are requested if required, but they correspond to simple quotas, which may or may not be used, depending on the Company’s needs.