1. | Colombia Presentation Jorge Montero

2. | OUTLINE Who We Are Latin America, the world's source of development "The world is talking about Colombia" Why invest in Colombia?

3. WHO WE ARE

4. | Who we are Entity in charge of Promoting International Tourism, Foreign Direct Investment, and Exports EXPORTSINVESTMENTTOURISM

5. | Proexport supports foreign investors www.proexport.com.co Information tailored to your needs. Contacts with public and private sector. Itinerary planning and travel assistance Startup process assistance and monitoring established investors. Free information during the process and absolute confidentiality

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7. ECONOMIC TRENDS IN LATIN AMERICA & COLOMBIA

8. | The largest economies in a crisis …where the emerging economies are becoming their strategic allies

9. | Latin America - Larger GDP than Russia and ME and Sub–Saharan Africa. NOMINAL GDP (US $ Billion) 2000 – 2014p +126 % Source: EIU; p: forecast

10. | Colombia has shown attractive and stable GDP growth which is forecast to continue. Source: ANDI (National Business Association of Colombia), EIU, p:forecast Growth of Colombia's GDP vs. Latin America and the World 2001 – 2014p (%)

11. | Colombia: The C in CIVETS “The new BRICs are Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa (CIVETS). These are countries with major populations, dynamic, diverse economies, political stability and a promising brilliant future. Any company with global ambitions will have to take immediate action in these markets.” Michael Geoghegan, CEO HSBC April 26, 2010 in his speech to AmCham Hong Kong

12. | Note: PPP (Purchasing Power Parity) (February 7 2012)) Colombia ´s GDP is 28th in the world (PPP method) and 3 rd in LATAM.

13. | Colombia's population is 47 million More than half of them under age 30 7 metropolitan areas with a population above 1 million people

14. | GDP, Inflation and Unemployment (%) 2002 – 2011 (Annual Average) Source: DANE- Colombia Central Bank - EIU: Economist Intelligence Unit Forecast e: Estimated (February 2012) Macroeconomic stability GDP growth Inflation Unemployment rate

15. | GDP- Growth RateInsecurity GDP – Growth Rate (%) Insecurity Problem Source: DANE, Cuentas Nacionales, ANDI “Monthly Industrial Survey” Economic Growth vs Security- Colombia Insecurity problems decreased significantly

16. | THE COLOMBIAN COMEBACK: Colombia’s President Juan Manual Santos talks with TIME. “From nearly failed state to emerging global player, in less than a decade.” Source: TIME Magazine, April 23, 2012

17. | “Colombia will do better than other countries of the region in case of a new global recession… The country has accumulated savings which can stimulate the economy in the case of an economic downturn.” Rodrigo Chavez – Director, Latin America and Caribbean “Colombia has become an attractive destination for investment…Increased security promoted per capita GDP growth since 2002.” Recognition of Colombia´s progress

18. | THAT’S WHY THE WORLD IS TALKING ABOUT COLOMBIA...

19. WHY INVEST IN COLOMBIA?

20. | Source: Doing Business, 2011 – World Bank 5Colombia 20Peru 28Chile 44Mexico 74Brazil 109Argentina 109Panama 179Venezuela Investor Protection Index 2011 Colombia is ranked 5th worldwide and 1st in Latin America in terms of Investor Protection World Ranking Country

21. | 7 February 2012 Three of the top risk rating agencies gave Colombia the "Investment Grade” The three agencies agree on the country's positive economic and financial situation, highlighting: Its ability to deal with external shocks Its historic fulfillment of obligations An increase in its macroeconomic credibility A visible improvement in security conditions

22. | Variation 2010–2011: +92% *Figures obtained through the foreign currency balance of the Bank of the Republic. **Share of all countries with positive cumulative investment, without reinvested profits or investments in the oil sector. Accumulated value 2000 – 2011: US $38,615 million Note: the list of the top countries investing in Colombia does not include Anguilla or Panama, in third and fourth place. Source: Bank of the Republic - Balance of Payments Main Investors in Colombia 2000 – 2011** Record FDI Flows in 2011 United States Accumulated US $9,595 million Share of 24.8% England Accumulated US $5,684 million Share of 14.7% Spain Accumulated US $3,431 million Share of 8.9% Canada Accumulated US $1,373 million Share of 3.6%

23. | Significant FDI in Non oil & mining sectors % Share by total FDI of positive flows by origin country, without reinvesting profit and not including the petroleum sector. Total investment 2009 – 2011: US$ 27,629 million. Source: Banco de la República. FDI in Colombia excluding Oil and Mining Sectors 2009 - 2011 FDI in Colombia by Sectors 2009 - 2011

24. | In 10 years imports grew four times Variation 2009 - 2010: 23.7% Variation 2010 - 2011: 34.4% Source: DANE (National Department of Statistics) – CIF Values Top import origins, 2011 Imports, 2000 – 2011 US$ Million United States US $13,593 million Share of 24.9% China US $8,176 million Share of 15% Mexico US $6,059 million Share of 11% Brazil US $2,740 million Share of 5%

25. | In 10 years, exports quadrupled Variation 2009 - 2010: -21.2% Variation 2010 - 2011: 43% Variation Jan – Mar 2010 vs. Jan – Mar 2011: 23.2% Source: DANE (National Department of Statistics) Top Export Destinations, 2011 United States US $21.720 million Share of 38.1% Netherlands US $2.524 million Share of 4.4% China US $1.989 million Share of 3.5% Chile US $2.205 million Share of 3.9%

26. | Source: (SICE) (OAS) In force Noruega Islandia Estados Unidos Canadá México Guatemala El Salvador Honduras Brasil Argentina Uruguay Paraguay Chile Perú Ecuador Bolivia Suiza Liechtenstein signed Panamá Unión Europea Israel Turquía Corea del Sur In negociation Future Noruega Islandia Canada Mexico Guatemala El Salvador Honduras Brazil Argentina Uruguay Paraguay Chile Perú Ecuador Bolivia Switzerland Liechtenstein Panamá European Union Israel Turkey South Korea Jaan 11 free trade agreements (FTA),allowing preferential access to over 1.5 billion consumers.

27. | 15% income tax rate. VAT exemption for goods sold from Colombia to other FTZ Benefit from international trade agreements. (Except Peru) Allows sales to the local market. Free Trade Zones Single-Company (SCFTZ) Permanent/Multi company (PFTZ) Attractive Free Trade Zone Legislation

28. Science and Technology share of 2019 GDP: 2% Increase the number of patents per 100,000 inhabitants Since 2006 Graduate Education has quadrupled. INNOVATION INFRASTRUCTURE Government launched an ambitious infrastructure plan. New inter-departmental highways, ports and airports for increased competitiveness. US $50 billion and significant support from the private sector. MINING Opportunities Linked to the five “Engines” 17 billion tons of possible coal reserves 28 million ounces of gold Access to both Pacific and Atlantic oceans

29. HOUSING AGRIBUSINESS Opportunities Linked to the Engines Colombia has a high housing deficit in the country's largest cities due to internal displacement and economic difficulties. The sector is divided into 2 major areas: Low Income Housing and Non-LIH. The government has planned to build one million homes, 70% of which will be LIH. Requirements: One Million Homes Potential to open new arable areas, Significant capital investment to mechanize the sector in order to increase exports. Most Biodiverse country in the world by km2 Biofuels, Reforestation, Dairy Sector Opportunities in:

30. | | INNOVATION INFRASTRUCTURE MINING AGRIBUSINESS Productive Transformation Program: PPP to strengthen and build “world class sectors” MANUFACTURING SECTOR SERVICE SECTOR AGRIBUSINES SECTOR Business process, outsourcing and offshoring BPO&O IT Services and Software Cosmetics and Personal Care Products Health Services Exports Graphic communication industry Textiles, Fashion & Design Automotive Industry Chocolate Confectionery and Raw Materials Cattle Palm and Vegetable Oil Shrimp Farming Electric Power

31. | 2010 – Established a Private Capital Fund in Colombia for Infrastructure Investment: (Amount of the Fund): US $400 M 2011 - Development of 12,000 hectares of sugar cane and the construction of an ethanol plant with a capacity of 376,000 liters per day Investment: US $300 M Jobs: 1,000 2011 - Service center for financial and accounting operations - Spanish Market-. Investment: US $5 - 8 M Jobs: 1500 2011 - Established one of its two worldclass product research and development centers. Investment: US $20 M Jobs: 400 2011 - Global service center for BPO and IT operations Investment: US $100 M Jobs: 1000 India United States Israel Canada MERHAV

32. | Jorge Montero Executive Representative jmontero@proexport.com www.proexport.com.co