Superfinanciera Authorizes Public Offering of Shares by Grupo Argos

Colombia’s financial industry regulator has authorized the public offering of shares, with preferential dividends, by Grupo Argos S.A.

In addition to announcing that the plan has been approved, the Superintendencia Financiera de Colombia, or Superfinanciera, released the following information related to the offering by Grupo Argos, a Medellín-based holding company whose Cementos Argos subsidiary is a regional giant in the cement industry.

It operates in the cement and concrete business in Colombia, the United States, Panama, the Dominican Republic, Honduras, Haiti, French Guiana, and Suriname.

Issuing Company
Grupo Argos S.A.

Class
Preferred and non-voting shares or ADPs

Quantity of Shares on Offer
52,675,000

Stock Exchange
The ADPs are registered in the Stock Exchange of Colombia (Bolsa de Valores de Colombia)

Economic and Financial Objectives
The Public Offering is made in order to pay the Public Tender Offer, in respect of the ordinary shares of Odinsa S.A., that the Argos Group will formulate

Recipients of the Offer
The recipients of the offer are the shareholders of Odinsa S.A., other than Grupo Argos, that accept to receive ADPs in payment for their ordinary shares of Odinsa

Terms of the Offer
The offer will be 15 business days from the business day following the date on which the Public Notice of Public Offering is published.

Manner of the Offer
The ADPs are offered without prejudice, exclusively to the persons indicated as recipients, in the terms of the Information Document, in particular section 4.5.

Price
Price is established in section 4.5 of the Information Document.

Delivery of ADPs
Since the ADPs are fully dematerialized and the transfer of the same will be made through DECEVAL, the resulting operations cannot be carried out through the delivery of physical titles and will be delivered — by means of annotation in account — by DECEVAL to each recipient, according to the award made by BVC

Characteristics and Rights of the ADPs
As described in section 4.7 of the Information Document.