MEDELLIN, Colombia, Sept. 8 /PRNewswire-FirstCall/ -- BANCOLOMBIA S.A. regrets to inform that Mr. Alfonso Moreno Jaramillo, a member of the Bank''s Board of Directors, passed away on September 7, 2009. A replacement will be designated at the General Shareholders'' Meeting.

The Bank and its directors extend their condolences and sympathies to the family of Mr. Jaramillo.

Contacts Sergio Restrepo Executive VP Tel.: (574) 4041424 Jaime A. Velasquez Financial VP Tel.: (574) 4042199 Juan E. Toro IR Manager Tel.: (574) 4041837

BANCOLOMBIA S.A.

CONTACT: Sergio Restrepo, Executive VP, +011-574-4041424, or Jaime A.
Velasquez, Financial VP, +011-574-4042199, or Juan E. Toro, IR Manager,
+011-574-4041837, all of BANCOLOMBIA

Web site: http://www.bancolombia.com.co/