Comunications

Construcciones El Cóndor S.A. informs the relevant decisions taken today at the ordinary meeting of the Board of Directors, in relation to the Code of Business Ethics and the Succession Policy of the members of the Board.

It is reported that today begins the ex-dividend period corresponding to the payment of the third dividend share for shareholders as decreed at the ordinary meeting of the Assembly.

During the third quarter the company is still meeting the execution schedules to deliver the functional units for the various projects. Last September 5, ordinary bonds for $81.500 million were issued and placed in the second market. On the other hand, the Company confirms the partial release of the completed works, which was pending payment in the north sections of the Ruta al Mar project. In addition, the company confirms that, for the last quarter, the entire amount of accounts receivable as of June 30 of this year will be released. As part of the Framework Investment Agreement with ISA, we are continuing with the process to cede assets from our investment portfolio to the new vehicle, ad with the analysis of opportunities in the primary and secondary road infrastructure markets.

Construcciones El Cóndor informs that retransmitted the separate Financial Statements with a cut-off as of June 30, 2019 due to the fact that corrected items that were not properly transcribed in the PDF file in accordance with an adjustment that was presented in the Farallones Consortium for the cancellation of a financial obligation of COP $ 10,021,462; which modified both the Assets and Liabilities.

Construcciones El Cóndor SA, clarifies that in relation to the news published in the media about the linking of the Company to the process initiated by the JEP, to date the Company has not been notified of any judicial process, has not taken part, has not answered any claim, nor has it been required to provide information.

The Financial Superintendence of Colombia authorized Construcciones El Cóndor S.A. the automatic registration in the National Registry of Securities and Issuers (RNVE) and the offer of ordinary bonds that will be issued in the second market for COP $81,500,000,000.

The Board of Directors authorized today the filing of a request before the Financial Superintendence and the Stock Exchange of Colombia, for the authorization of the issuance and public offer of some ordinary bonds in the second market for up to eighty-one thousand five hundred million pesos ($ 81,500,000,000) and approved the Regulations for the Issuance and Placement of said bonds.

Accordance with the decision adopted by the General Shareholders' Meeting 2019, the distribution of profits was approved and an annual dividend per share was decreed, payable in three equal installments per share each, being the second installment on July 18, 2019. The ex dividend period in accordance with Decree 4766 of 2011 and the Regulations of the BVC is 4 stock exchange days prior to the payment date, which starts for the payment announced on July 12, 2019.

It is published in the daily bulletin of the Colombian Stock Exchange, the notice of redemption of the commercial papers of Construcciones El Cóndor S.A. issued on February 26, 2019.

Constructions El Cóndor S.A. has been developing its financing strategy in the capital market supported by the ratings of Fitch Ratings. With the transparency that characterizes its actions, it asked the rating agency to anticipate the biannual review that was planned in July 2019, in order to be clear about the next steps to develop this strategy. Once the new rating was announced, the administration is allowed to inform:

A contract was signed with China Harbor Engineering Company Limited Colombia to "perform the necessary works for the rehabilitation between K16 + 000 to K46 + 234 of the Functional Unit 5 of the road project called Autopista al Mar 2 between Cañasgordas - El Tigre, in the department of Antioquia".

Construcciones El Condor reveals its Separate Financial Statements as of December 31, 2018.

By means of Public Deed No. 809 granted on April 4, 2019 before Notary 7 of Medellin, it was formalized the statutory reform previously approved at the General Assembly’s ordinary session held on March 29.

At the ordinary meeting of the General Assembly of Shareholders, which took place on March 29, 2019 in the city of Medellin, the five decisions were made. We attach information for your review.

At the ordinary meeting of the General Assembly of Shareholders that took place on March 29, 2019 in the city of Medellin, the profit distribution project that is transcribed below was approved.

It was published in the daily bulletin of the Stock Exchange of Colombia, the notice of public offer of the third issuance of commercial papers of Construcciones El Cóndor S.A.

Through the work realized by the administration, during the quarter we formalized an alliance with ISA, which will allow for the creation of a platform for concessions in Colombia and Perú, that will accentuate each company´s strengths. Simultaneously, we continued work on compliance with our EPC contracts where in order to advance with our projects, it has been necessary to manage different risks inherent to construction as well as maximize efficiencies and innovations and articulate all of the parties involved.

Reported that at the ordinary meeting of the Board of Directors held on February 25, 2019 in the city of Medellín, it was approved to present the following partial reform of the bylaws at the next ordinary meeting of shareholders.

Report on the measures approved to ensure compliance of Circular 024 of 2010 of the Colombian Financial Superintendance.

The President of Construcciones El Cóndor S.A., summon for the ordinary meeting of the General Assembly of Shareholders, that will take place on Friday, March 29, 2019, at 9:00 a.m. in Gran Salón 6 del Club Unión, located at Carrera 43A No. 1 - 50, Medellín, Antioquia, Colombia.

Was published in the daily bulletin of the Stock Exchange of Colombia, the notice of redemption of the Series E330 the commercial papers of Construcciones El Cóndor S.A. issued on March 22, 2018.

In compliance with the provisions of External Circular 028 of 2014 of the Financial Superintendency, Construcciones El Cóndor informs that has transmitted the Implementation Report of Best Corporate Practices New Country Code corresponding to the 2018 term.