Grupo Argos accelerates the execution of ACE 1.0 with a share repurchase offer of up to COP 100 billion through the independent mechanism

• The transaction is part of the third pillar of ACE 1.0, which contemplates deploying COP 500 billion in Grupo Argos share repurchases over the next 12 months, with flexibility between transactional systems and the independent mechanism.
• The offer adds to other recent advances under ACE 1.0, including the inclusion of the preferred share in the MSCI Emerging Markets and FTSE Russell indices, as well as the accelerated monetization of assets at Pactia and the Urban Development Business.

Grupo Argos published an offer notice through which it formalizes its intention to repurchase common and preferred shares for a maximum aggregate amount of COP 100 billion. The transaction will be carried out through the independent mechanism administered by the Colombian Stock Exchange, BVC. This will be the first transaction of this kind undertaken by the company and will complement the share repurchases it has been executing through the stock exchange’s transactional systems.

The offer represents another step forward in the execution of ACE 1.0, Argos Convergence Effort, Grupo Argos’ program announced on August 5 to accelerate value generation, capture, and transfer for its shareholders, with the objective of helping the company’s market price converge toward its fundamental value.

ACE 1.0 is structured around three areas of focus: (i) operational excellence across the businesses; (ii) consolidation of the asset management business and Grupo Argos’ role as a capital allocator; and (iii) acceleration of the share repurchase program. Under this third pillar, the company set a goal of deploying COP 500 billion over the next 12 months, using both transactional systems and the independent mechanism with flexibility.

“We set out to accelerate the share repurchase program and incorporate the independent mechanism to expand our ability to move forward with discipline and flexibility. We remain convinced that there is a meaningful gap between the market price of our shares and Grupo Argos’ fundamental value and, under current conditions, we believe that share repurchases represent the most attractive capital allocation alternative.”

Felipe Aristizábal, CFO of Grupo Argos

The offer will be carried out through a book-building process, which will allow the repurchase price for common and preferred shares to be determined efficiently. Interested shareholders may submit, through the brokerage firm of their choice, an order indicating the class and number of shares they wish to sell, as well as the price at which they would be willing to do so. Holders of Grupo Argos common and preferred shares who are duly registered as shareholders in the share registry administered by Deceval as of 12:00 a.m. on Wednesday, August 26, 2026, will be eligible to participate.

The acceptance period will begin on the stock market business day following publication of the offer notice, that is, Thursday, August 27, and will remain open for three business days, from 8:30 a.m. to 3:00 p.m. each day. Once this period ends, the repurchase price for each class of shares and the maximum amount to be repurchased for each will be determined by the company based on the composition of the order books and prevailing market conditions at the time of allocation.

The BVC will carry out the allocation within five business days following the end of the order submission period. Payment for the allocated shares will be made in cash, in Colombian pesos, and settlement will take place on the stock market business day following the allocation date. During the acceptance period, Grupo Argos will temporarily suspend share repurchases through the BVC’s transactional systems.

Valores Bancolombia will act as the company’s brokerage firm for the repurchase. Additional information regarding the transaction is available in the Share Repurchase Guide, which can be consulted here:
https://www.grupoargos.com/relacion-con-el-inversionista/ace/

Contacts:

• Grupo Argos Investor Relations: invgrupoargos@grupoargos.com
• Colombian Stock Exchange: sac.co@nuamx.com / (601) 313 90 00
• Valores Bancolombia S.A., Brokerage Firm
  https://valores.bancolombia.comPhone: Bogotá (601) 343 00 99 – Medellín (604) 510 90 09 – Cali (602) 486 0773 – Barranquilla (605) 385 6379 – Cartagena (605) 693 2213 – Bucaramanga (607) 697 2844 – Manizales (606) 896 1470 – Pereira (606) 340 1324 – Rest of Colombia: 01 8000 513 090.