Modification of credit conditions

Medellin, September 30, 2019

Subject: Modification of credit conditions

Odinsa S.A., reports that today renewed for a period of two (2) months, a loan granted by Banco Itaú Corpbanca Colombia S.A., worth fifteen million dollars (USD 15,000,000), with a rate equivalent to the Bank Reference Indicator – IBR + a spread. This loan has been used by the Company as working capital and for attend treasury needs.

Also, to cover the risk of the exchange rate in this credit, Odinsa signed a Forward agreement with Corficolombiana, whose term expires on December 2 of 2019.

The renewed credit was duly and previously approved by the Board of Directors and does not mean increases in the level of indebtedness of the Company.