INDICATORS TO DECEMBER 2,012 HISTORICAL EVOLUTION OF STOCK EXCHANGE INDICES IGBC VARIATION TO LAST MONTH VARIATION TO LAST YEAR VARIATION YEAR TO DATE Minimum 14,000 12,000 10,000 1,200 8,000 800 6,000 4,000 400 Maximum 2,000 0 DATE COLCAP 3-DIC-2,012 1,767.42 27-DIC-2,012 1,835.38 DATE COL20 3-DIC-2,012 1,313.45 28-DIC-2,012 1,348.01 DATE IGBC 3-DIC-2,012 14,268.26 28-DIC-2,012 14,715.84 0 Ju l- 2 Fe ,00 b- 1 Se 2,0 p - 02 2 Ap ,00 r- 2 2 N ,0 ov 0 - 3 Ju 2 ,00 n- 3 Ju 2,0 n - 04 Au 2,0 g - 05 M 2 ,0 ar 05 -2 O ,00 ct - 6 M 2,0 ay 06 D 2,0 ec 0 -2 7 Ju ,00 l- 7 Fe 2,0 b - 08 Se 2,0 p - 09 Ap 2 ,00 r- 9 N 2,0 ov 10 Ju 2 ,0 n - 10 2 Ju ,01 n- 1 Au 2,0 g - 12 2, 01 2 DEC - 2,012 16,000 1,600 COL20 - COLCAP COL20 VARIATION TO LAST MONTH VARIATION TO LAST YEAR VARIATION YEAR TO DATE 2,000 COL20 MARKET CAPITALIZATION COLCAP TOTAL VOLUME DECEMBER ACCUMULATED MONTHLY AVERAGE 2.012 240000 4000 200000 3500 3000 160000 2500 120000 2000 1500 80000 1000 40000 500 0 0 Ju l -2 Ja ,00 n- 1 2 Ju ,00 l -2 2 Ja ,00 n- 2 2 Ju ,00 l -2 3 Ja ,00 n- 3 2 Ju ,00 l -2 4 Ja ,00 n- 4 2 Ju ,00 l -2 5 Ja ,00 n- 5 2 Ju ,00 l -2 6 Ja ,00 n- 6 2 Ju ,00 l -2 7 Ja ,00 n- 7 2 Ju ,00 l -2 8 Ja ,00 n- 8 2 Ju ,00 l -2 9 Ja ,00 n- 9 2 Ju ,01 l -2 0 Ja ,01 n- 0 2 Ju ,01 l -2 1 Ja ,01 n- 1 2, Ju 012 l -2 ,0 12 132.516.367.743 188.212.432.635 2.517.810.987.117 3.826.986.130.240 AVERAGE DAILY VOLUME ACCUMULATED AVERAGE DAILY VOLUME 280000 4500 Number of Transactions STOCK MARKET VOLUMES 5000 NUMBER OF TRANSACTIONS STOCK MARKET 2.264 3.199 43.024 780.616 DAILY AVERAGE NUMBER OF TRANSACTIONS DECEMBER ACCUMULATED DAILY AVERAGE No. OF TRANSACTIONS TOTAL NUMBER OF TRANSACTIONS DECEMBER ACCUMULATED No. OF MONTHLY TRANSACTIONS DECEMBER N U MBER OF TR AN SAC TION S INSTRUMENTS WITH HIGH LIQUIDITY FUNCTION AMOU N T ISSUERS WITH THE LARGER STOCK EXCHANGE CAPITALIZATION LIQUIDITY FUNCTION 224,497,173.57 EC OPETR OL S.A. 2.204 1.948 1.800 1.429 1.205 1.072 0.916 0.578 0.573 0.565 BAN C OLOMBIA S.A. 25,493,227.97 GR U PO AVAL AC C ION ES Y VALOR ES S.A. 23,980,864.72 IN VER SION ES AR GOS S.A. 16,491,352.65 ALMAC EN ES EXITO S.A. 15,889,953.22 BAN C O D E BOGOTA S.A. 15,632,568.16 EMPR ESA D E EN ER GIA D E BOGOTA S.A. E.S.P. 11,660,094.81 C EMEN TOS AR GOS S.A. 11,631,890.33 COP$ millions MARKET CAPITALIZATION 480 ,000 ,000 440 ,000 ,000 400 ,000 ,000 360 ,000 ,000 320 ,000 ,000 VOLUME BY TYPE OF TRANSACTION BY TYPE OF TRANSACTION IN THE MONTH SECONDARY MARKET MONTH OF DECEMBER DE 2,012- COP$ MILLIONS CASH REPO TTV 2.517.811 652.583 14.754 ACCUMULATED SECONDARY MARKET TO DECEMBER DE 2,012 - COP$ MILLIONS CASH REPO TTV 47.191.262 25.440.440 114.058 TTV 0.46% REPO 20.49% CASH 79.05% Dec-2,012 Nov-2,012 Oct-2,012 Sep-2,012 Aug-2,012 Jul-2,012 Jun-2,012 May-2,012 Apr-2,012 Mar-2,012 Feb-2,012 Jun-2,012 Dec-2,011 Nov-2,011 Oct-2,011 Sep-2,011 Aug-2,011 Jul-2,011 Jun-2,011 May-2,011 Apr-2,011 Mar-2,011 Feb-2,011 Jun-2,011 Dec-2,010 Nov-2,010 Oct-2,010 Sep-2,010 Aug-2,010 Jul-2,010 Jun-2,010 May-2,010 Apr-2,010 Mar-2,010 Feb-2,010 280 ,000 ,000 Jun-2,010 COP$ MILLIONS 520 ,000 ,000 BY TYPE OF TRANSATION ACCUMULATED TTV 0.16% REPO 34.97% CASH 64.87% Amount (in Millions of Pesos ) 483.295.736.592.758 3,98% 19,62% 19,62% 272.811.077.702 6,70% 30,89% 30,89% IN MILLIONS OF PESOS % Variation during the month % Variation during yhe year % Variation year to date IN DOLLARS % Variation during the month % Variation during the year % Variation year to date PREC ENKA ECOPETROL TABLEMAC CNEC PFHELMBANK PFBCOLOM FABRICATO BVC GRUPOSURA IGBC DAILY AVERAGE VOLUME AND DAILY AVERAGE NUMBER OF TRANSACTIONS DECEMBER 2,012 TICKER IGBC 1,832.75 4,16% 16,62% 16,62% 1,348.01 3,04% 4,69% 4,69% 14,715.84 3,89% 16,19% 16,19% COLCAP VARIATION TO LAST MONTH VARIATION TO LAST YEAR VARIATION YEAR TO DATE MOST VALUED STOCK IN THE YEAR MOST TRADED STOCKS IN THE YEAR IN COP$ MILLIONS ECOPET ROL 10,707 ,842 PREC PFGRUPSURA 1,955 ,906 PFHELM BANK GRUPOSURA 1,878 ,127 EXIT O 1,259 ,179 29.54% 28.35% 24.85% INVERARGOS 1,140 ,719 INVERARGOS 37.54% VALOREM 1,365 ,381 BCOLOM BIA 39.43% ECOPET ROL 1,527 ,907 ICOLCAP 55.66% PFAVT A 1,662 ,730 PM GC 61.29% VALINDUST R 4,721 ,127 EXIT O 77.88% FAM ILIA 8,189 ,716 PFBCOLOM 92.86% SET AS 22.19% GRUPOSURA MOST VALUED STOCK IN THE MONTH MOST TRADED STOCKS IN THE MONTH IN COP$ MILLIONS ECOPET ROL 499 ,969 PFBCOLOM PREC 153 ,507 PF IN VAR GOS PFGRUPSURA 150 ,128 C EMAR GOS 10.75% 10.06% 8.96% C OR F IC OLC F 105 ,323 100 ,730 INVERARGOS 11.04% IN VER AR GOS 116 ,133 ICOLCAP 12.41% ELC ON D OR 169 ,746 CEM ARGOS 14.71% PR OTEC C ION 257 ,021 GRUPOSURA 15.92% VALIN D U STR 8.23% BC OLOMBIA EXIT O 92,456 PF C OR F IC OL CORFICOLCF 91,068 GR U POSU R A 8.00% 7.89% MOST TRADED STOCKS BY QUANTITY IN THE MONTH MOST TRADED STOCKS BY QUANTITY IN THE YEAR BVC 675 ,007 ,135 T ABLEM AC TABLEMAC 481 ,606 ,495 ENKA 198 ,530 ,220 ECOPET ROL C OLTEJER 5,112 ,082 ,952 EN KA 54,000 ,143 43,357 ,869 EEB 8,487 ,129 ,583 12,882 ,153 PF AVAL ELCONDOR 12,074 ,986 PF H ELMBAN K CEM ARGOS 11,521 ,817 9,896 ,857 AGRICULTURE LIQUIDITY HIGH LOW TOTAL 2,972 ,606 ,091 2,071 ,913 ,915 EC OPETR OL CNEC ISAGEN 8,343 ,272 ,535 F ABR IC ATO 94,002 ,574 PFAVAL 14,782 ,272 ,310 BVC 747 ,675 ,177 549 ,425 ,872 EEB 466 ,657 ,856 C N EC 368 ,826 ,608 COMMERCE FINANCIAL INDUSTRY INVESTMENT FUNDS OTHER SERVICES PUBLIC UTILITIES TOTAL 2 11 17 15 15 11 4 6 8 6 7 51 63 2 28 30 15 14 13 114 12 12 ISSUERS BY LIQUIDITY 68 64 60 56 52 48 44 40 36 65 59 52 52 53 52 53 54 48 49 48 50 59 59 61 61 60 65 63 63 63 59 51 37 HIGH January February M arch LOW Apri l M ay June Jul y August Septem ber October Novem ber Decem ber BUYERS DECEMBER 2,012 Investor Type # Buyers Pna Colombiana Extranjeros SCB Sector Real Programas de ADRs Fdo de Pensiones y Cesantías Fondos Fdos Extranjeros Carteras Colectivas Sociedades de Inversión Fiduciarias Compañías de Seguros Cooperativas TOTAL ACCUMULATED BUYERS 2,012 Amount Investor Type % 3.965 213 20 527 7 23 47 70 28 21 8 7 4 542.239.556.259,53 433.735.779.616,32 396.578.353.533,25 364.321.409.330,82 197.484.578.640,00 195.692.923.207,50 132.536.173.661,00 118.797.699.930,00 112.245.252.894,00 9.901.742.996,00 7.371.597.648,50 5.857.002.500,00 1.048.916.900,00 21,54% 17,23% 15,75% 14,47% 7,84% 7,77% 5,26% 4,72% 4,46% 0,39% 0,29% 0,23% 0,04% 4.940 2.517.810.987.116,92 100,0% # Buyers Pna Colombiana SCB Extranjeros Sector Real Fdo de Pensiones y Cesantías Programas de ADRs Fdos Extranjeros Carteras Colectivas Fondos Compañías de Seguros Fiduciarias Sociedades de Inversión Cooperativas TOTAL SELLERS DECEMBER 2,012 Investor Type # Sellers Amount % 32.829,00 30,00 785,00 2.538,00 38,00 10,00 244,00 32,00 145,00 31,00 14,00 109,00 10,00 11.477.052.274.363,70 9.540.756.381.874,95 6.170.777.386.358,59 5.132.394.915.884,72 5.120.557.681.977,60 2.690.179.626.985,00 1.943.132.012.773,66 1.643.424.193.044,57 1.598.047.711.944,60 365.156.634.577,50 133.717.878.361,80 101.244.527.510,24 7.392.337.217,20 24,99% 20,78% 13,44% 11,18% 11,15% 5,86% 4,23% 3,58% 3,48% 0,80% 0,29% 0,22% 0,02% 36.815,00 45.923.833.562.874,10 100% ACCUMULATED SELLERS 2,012 % Monto Investor Type Pna Colombiana SCB Sector Real Programas de ADRs Extranjeros Fdo de Pensiones y Cesantías Carteras Colectivas Fondos Fdos Extranjeros Compañías de Seguros Fiduciarias Sociedades de Inversión Cooperativas Corp Financiera 12.199 20 809 6 192 29 26 70 61 16 5 21 10 1 690,074,073,587.68 416,780,743,642.13 359,900,627,246.95 336,174,895,920.00 246,058,849,530.75 216,536,387,186.59 85,163,956,821.40 56,167,480,414.40 55,293,959,776.22 28,315,710,985.60 13,093,915,498.00 12,453,516,242.20 1,728,299,864.00 68,570,140.00 27,41% 16,55% 14,29% 13,35% 9,77% 8,60% 3,38% 2,23% 2,20% 1,12% 0,52% 0,49% 0,07% 0,00% TOTAL 13.465 2.517.810.986.856 100% # Sellers Pna Colombiana SCB Sector Real Fdo de Pensiones y Cesantías Extranjeros Programas de ADRs Carteras Colectivas Fdos Extranjeros Fondos Compañías de Seguros Sociedades de Inversión Fiduciarias Cooperativas Bancos Factoring Fondo de Empleados Corp Financiera CFC Leasing L % 127,648.00 33.00 4,270.00 38.00 1,020.00 11.00 34.00 214.00 213.00 39.00 159.00 14.00 55.00 3.00 2.00 3.00 1.00 1.00 14,360,714,058,049.90 10,520,764,514,039.00 6,429,513,187,673.89 3,690,262,248,943.52 3,580,908,189,874.78 2,831,381,538,636.50 1,633,408,468,692.89 1,156,708,333,200.79 870,413,646,784.94 496,818,933,362.20 195,052,772,596.78 144,558,020,631.40 11,265,263,945.54 1,458,434,316.00 446,912,800.00 79,408,925.00 68,570,140.00 11,060,000.00 31,27% 22,91% 14,00% 8,04% 7,80% 6,17% 3,56% 2,52% 1,90% 1,08% 0,42% 0,31% 0,02% 0,00% 0,00% 0,00% 0,00% 0,00% 133.758 45.923.833.562.613 100% TOTAL M I Amount A Colombian Brokerage Firms Transactions in MILA Stock Market Amount Traded in Local Currency Number of Transactions Amount Traded in USD Amount Traded in COP B C S (CPL) 6 45,538,680.00 96,611.25 170,812,753.19 B V L ( S/. ) - 0.00 0.00 0.00 B V L ( US ) - 0.00 0.00 0.00 *Traded Volumes by Colombian Brokerage Firms Transactions in securities listed at BCS and BVL *The US dollar data is calculated with the FX rate of the trading day in each country. *The COP data is calculated with the FX rate from Chilean pesos to COP and from Peruvian soles to COP MILA Transactions in Colombian Stocks Stock ECOPETROL Number of BCS Transactions Amount Traded BCS Number of BVL Transactions Amount Traded BVL Total Amount Traded COP Total Amount Traded USD 23 316,760,000.00 0 0.00 316,760,000.00 178,828.10 PREC 0 0.00 5 147,831,600.00 147,831,600.00 83,458.91 NUTRESA 0 0.00 5 98,654,760.00 98,654,760.00 55,695.93 PFBCOLOM 0 0.00 2 74,141,820.00 74,141,820.00 41,857.05 BCOLOMBIA 0 0.00 2 63,624,000.00 63,624,000.00 35,919.18 GRUPOSURA 0 0.00 6 62,277,800.00 62,277,800.00 35,159.18 OTROS *The ten most Traded stocks by Chilean and Peruvian Brokerage Firms at BVC. *The total amounts correspond to add up the purchases and sales Colombian Global Market STOCK MARKET NUMBER OF TRANSACTIONS STOCK MARKET VOLUMES AVERAGE DAILY VOLUME DECEMBER ACCUMULATED AVERAGE DAILY VOLUME TOTAL VOLUME DECEMBER ACCUMULATED MONTHLY AVERAGE 2.012 0 5.000.164 0 101.670.000 AVERAGE DAILY NUMBER OF TRANSACTION DECEMBER ACCUMULATED AVERAGE DAILY NUMBER OF TRANSACTIONS TOTAL NUMBER OF TRANSACTION DECEMBER ACCUMULATED No. OF MONTHLY TRANSACTIONS DECEMBER 0 0 0 10 MOST TRADED STOCK DURING THE YEAR IN MILLIONS OF PESOS 985 AAPL C GE CL 108 73 52