Banco de Bogotá announced the early tender results in connection with its previously announced offer to purchase for cash up to $300 million of the outstanding 4.375% Senior Notes due 2027 issued by Banco de Bogotá upon the terms and subject to the conditions set forth in the Offer to Purchase dated March 22, 2022 for a purchase price for the Notes equal to the applicable Purchase Price. Banco de Bogotá also announced the extension of the Total Consideration through the Expiration Time. Capitalized terms not defined herein shall have the meaning ascribed to them in the Offer to Purchase.

The early tender date for the Notes was 5:00 p.m., New York City time, on April 4, 2022. Banco de Bogotá has been advised by Global Bondholder Services Corporation (GBSC), the information and tender agent, that, as of the Early Tender Date, $119,707,000 in aggregate principal amount of the Notes, or approximately 19.95% of the outstanding Notes, had been validly tendered pursuant to the Tender Offer. The Notes that have been validly tendered cannot be withdrawn, except as may be required by applicable law.

Holders who validly tendered their Notes at or prior to the Early Tender Date, in the manner described in the Offer to Purchase will be eligible to receive the Total Consideration, which includes the Early Tender Payment, plus Accrued Interest, on the Early Settlement Date, which is expected to be April 6, 2022, or as promptly as practicable thereafter. The Tender Offer will expire at 11:59 p.m., New York City time, on April 19, 2022, unless extended, terminated early or withdrawn. Banco de Bogotá has decided to extend the Total Consideration through the Expiration Time.

Accordingly, Holders of Notes who validly tender Notes after the Early Tender Date but prior to or at the Expiration Time will be eligible to receive the Total Consideration plus Accrued Interest. Banco de Bogotá's obligation to purchase Notes in the Tender Offer is subject to and conditioned upon the satisfaction or waiver of certain conditions described in the Offer to Purchase. Banco de Bogotá reserves the right, in Banco de Bogotá's sole discretion, to amend or terminate the Tender Offer at any time.

The terms and conditions of the Tender Offer are described in the Offer to Purchase. Banco de Bogotá will only accept for purchase Notes up to the Maximum Principal Amount. If the Tender Offer is oversubscribed, the amount of Notes purchased by company from a tendering Holder will be subject to proration as described in "Principal Terms of the Tender Offer--Maximum Principal Amount and Proration" in the Offer to Purchase.

As any Notes validly tendered in the Tender Offer will be accepted for purchase by Banco de Bogotá subject to the Maximum Principal Amount, purchases of validly tendered Notes will be prorated, as more fully described in the Offer to Purchase.