Notes Authorization 2020

The Board of Directors of Odinsa S.A., by decision adopted through the written voting mechanism, unanimously approved the issuance and placement of ordinary Odinsa S.A. notes, in the public stock market in Colombia, up to $, for which it authorized to initiate the relevant procedures in order to obtain the corresponding authorizations. We inform that Fitch Ratings – assigned a long-term national rating of
‘AA- (Col)’ to the aforementioned issue.

With the resources obtained with the issue, Odinsa S.A. will pay the maturity of the ordinary notes that the company has on October 4th, which were issued in 2017, so that the level of indebtedness will remain stable.