Qualification Ratified by Fitch Ratings

Odinsa, the Grupo Argos concession company, received by
Fitch Ratings, for the fourth consecutive year, the AA- (Col) rating Stable Outlook of its Ordinary Bonds for COP400.000 million. In addition, National long-term scale ratings AA- (Col) were assigned with Stable and short-term outlook F1 + (Col), the highest short-term rating of an issuer in Colombia.

See attached