Grupo Argos adjusts its share repurchase program to place greater emphasis on preferred shares

• With the completion of the Spin-Off project, 42% of Grupo Argos’ outstanding shares are preferred shares, and therefore the share repurchase program will continue to be executed in line with this composition.
• To date, Grupo Argos has allocated more than COP 292 billion to the repurchase of its common and preferred shares, reaching an execution percentage that exceeds 58% of the program announced to the market.
• The share repurchase programs approved by the shareholders’ meetings of Grupo Argos, Cementos Argos, and Celsia amount to COP 1 trillion on a consolidated basis and arise from the conviction that the market price of the company’s shares does not recognize the company’s value.

Grupo Argos continues to make progress with the share repurchase program approved by its Shareholders’ Meeting, and to date reports an investment of more than COP 292 billion and an execution level of 58%. With the recomposition of the shareholding structure following the completion of the Spin-Off Project, 42% of the company’s shares are preferred shares, and therefore the program will continue to advance in line with this distribution.

This initiative is part of the company’s comprehensive strategy to continue delivering value to its shareholders consistently and with the conviction that the price of its securities listed on the Colombian market does not reflect the company’s value.

On a consolidated basis, the companies of Grupo Empresarial Argos have an amount of up to COP 1 trillion approved for the execution of their share repurchase programs. Cementos Argos has invested more than COP 363 billion, reaching 73% of the approved amount, while Celsia has invested more than COP 113 billion, with a consolidated execution level of 38%.