Qualification Notes 2020

In accordance with the authorization granted by the Board of Directors of Odinsa S.A., on July 6th, 2020, for the issuance and placement of ordinary notes in the Public Stock Market in Colombia for up to COP $, we report that Fitch Ratings – assigned a national long-term rating of ‘AA- (Col)’ to the aforementioned issue.

It is important to reiterate that as the market had been informed on July 6th, with the proceeds of the issue, the maturity of the ordinary notes held by Odinsa S.A. will be paid on October 4th, for a value of $, which were issued in 2017, with which the level of indebtedness will remain stable.