MEDELLIN, Colombia, Aug. 25 /PRNewswire-FirstCall/ -- In accordance with internal procedures, the Board of Directors of Bancolombia S.A (Bancolombia) authorized Mr. Luis Santiago Perez Moreno, Personal and Medium and Small Business Banking Vice President of Bancolombia, to give notice to Fiduciaria Helm Trust S.A. for the sale of Mr. Perez Moreno's units in a share portfolio (Cartera Colectiva con Pacto de Permanencia Acciones Sistema Valor Agregado) managed by such company. The units have an approximate value of Ps $ 236 million (approximately US$ 126,064)(1). The units represent shares of Bancolombia, which are part of the variable compensation of the Bank's employees.
(1) Exchange rate August 25, 2008 Ps 1,872.07 = US$ 1
