Payment Terms

BANCO DE BOGOTÁ SA ANNOUNCES EARLY RESULTS OF CASH SUPPLY OFFERING FOR TOTAL OUTSTANDING PRINCIPAL AMOUNT OF US$600,000,000 OVERALL PRINCIPAL AMOUNT OF 4.375% SENIOR DUE 2027 BONDS (CUSIP NOS. 059514 TOTAL AMENDMENT 2) DURING EXPIRATION TIME

BOGOTA, Colombia, April 4, 2022 /PRNewswire/ — Banco de Bogotá (“Banco de Bogotá”) today announced the first tender results of its previously announced cash tender offer up to U.S.$300 million (the “Maximum Principal Amount”) of 4.375% Senior Notes due 2027 issued by Banco de Bogotá (the “Notes”) on the terms and subject to the conditions set forth in the Offer to Purchase dated from March 22, 2022 (the “Tender Offer”) for a purchase price of the Notes equal to the applicable purchase price (the “Tender Offer”). Banco de Bogotá also announced today the extension of the total consideration until the expiration date. Capitalized terms not defined herein shall have the meaning assigned to them in the Offer to Purchase.

The early ticket submission date was 5:00 p.m., New York City It’s time April 4, 2022 (the “Early Submission Date”). Banco de Bogotá has been informed by Global Bondholder Services Corporation (GBSC), the Information and Tenders Agent (the “Information and Tenders Agent”), that effective the date of the anticipated call for tenders, $119,707,000 in aggregate principal amount of the Bonds, i.e. approximately 19.95% of the outstanding Bonds, had been validly tendered (and not validly withdrawn) pursuant to the Tender Offer. Securities which have been validly tendered (and not validly withdrawn before or on the Early Tender Date) may not be withdrawn, except as required by applicable law. Holders who have validly tendered their Notes on or before the Early Tender Date, as described in the Offer to Purchase (as defined below) will be eligible to receive the Full Consideration, which includes payment of the advance deposit, plus accrued interest (as defined in the Tender Offer), on the Early Settlement Date, which should be April 6, 2022or as soon as possible thereafter.

The table below summarizes certain terms of payment for the Notes:

Remarks

CUSIPs and ISINs
Numbers)

The principal amount
Exceptional

Late Tender
To offer
Consideration

Early Tender
Payment

Total Consideration

4.375% Senior Notes
deadline 2027

CUSIP: 059514 AE9/P09252 AM2

ISIN: US059514AE90/USP09252AM29

$600,000,000

US$930(1)

$30

US$960(1)

(1) By United States$1,000 principal amount of the Securities, validly delivered and accepted for purchase, plus Accrued Interest (as defined below).

The Public Offer will expire at 11:59 p.m., New York City It’s time April 19, 2022, except for extension, early termination or withdrawal (such date and time being subject to extension, the “Expiration Term”). Banco de Bogotá has decided to extend the total consideration until the expiration date. Accordingly, Noteholders who validly present Notes after the Early Tender Date but before or at the Expiry Time will be eligible to receive the Full Consideration (as defined in the Offer to Purchase) plus interest. run.

Banco de Bogotá’s obligation to purchase Notes under the tender offer is subject to and conditional on the satisfaction or waiver of certain conditions described in the tender offer. Banco de Bogotá reserves the right, at Banco de Bogotá’s sole discretion, to modify or terminate the Tender Offer at any time.

The terms and conditions of the Tender Offer are described in the Tender Offer.

Banco de Bogotá will only accept for purchase tickets up to the maximum principal amount. If the tender offer is oversubscribed, the amount of Notes purchased by us from a bidding Holder will be pro-rated as described under “Principal Terms of the Tender Offer — Maximum Principal Amount and pro rata” of the purchase offer. Since all Securities validly tendered (and not validly withdrawn) under the Tender Offer will be accepted for purchase by Banco de Bogotá subject to the Maximum Principal Amount (as defined in the Tender Offer ), purchases of Securities validly tendered will be calculated on a pro rata basis, as described in more detail in the offer to purchase.

Contact details for the Information and Tenders Officer are listed below.

By registered or certified mail:
65 Broadway – Suite 404 New York, NY 10006
Attention: Corporate Actions

By night courier:
65 Broadway – Suite 404 New York, NY 10006
Attention: Corporate Actions

By the hand:
65 Broadway – Suite 404 New York, NY 10006
Attention: Corporate Actions

By fax: (For eligible institutions only):
(212) 430-3775
Confirm by phone:
(212) 430-3774

A copy of the offer to purchase is available at the following web address: https://www.gbsc-usa.com/bogota.

Any questions or requests for assistance or additional copies of this Notice may be directed to the Dealer Managers at their respective telephone numbers listed below or, if a Licensee, to the Dealer, Dealer, commercial bank, trust company or other agent of the holder. for assistance with the tender offer.

The dealers responsible for the Public Offer are:

BofA Securities, Inc.
A Bryant Park
New York, New York 10036
Attention: Accountability Management Group

Collection: +1 (646) 855 8988

Toll Free: +1 (888) 292 0070

JP Morgan Securities LLC
383 Madison Avenue
New York, New York 10179
Attention Latin American Debt Capital Markets
Collect: +1 (212) 834-7279
US Toll Free: +1 (866) 846-2874

This notice does not constitute or form a part of an offer or invitation to buy, or a solicitation of an offer to sell, the Notes or any other security in United States or any other country, nor any part thereof, nor the fact of its publication, shall form the basis of, or be invoked in or in connection with, any contract therefor. The tender offer is being made solely by and pursuant to the terms of the tender offer, and the information contained in this notice is qualified by reference to the tender offer. Neither Banco de Bogotá, nor the dealer managers nor the Information and Tender Agent make any recommendation as to whether Holders should tender their Notes pursuant to the tender offer.

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SOURCE Bank of Bogota SA