Bancolombia to Host Investor Event at the NYSE Euronext

MEDELLIN, Colombia, May 5 /PRNewswire-FirstCall/ -- On May 12, 2008, Bancolombia will host a luncheon at the New York Stock Exchange Euronext. The theme is "2008 Strategic Outlook and Financial Performance". The event will feature presentations from Mr. Jorge Londono Saldarriaga, President and Chief Executive Officer of Bancolombia, and Mr. Sergio Restrepo, Executive Vice-president of Corporate Development.

Bancolombia Day will take place from 12pm to 2pm. This event is by invitation only and space is limited. Those interested in attending the event must contact Maria Barona of i-advize Corporate Communications at (212) 406-3691 or via email at bancolombia@i-advize.com.

About Bancolombia

Bancolombia is Colombia's leading financial institution, providing a wide range of financial products and services to a diversified individual and corporate customer base throughout the country. Bancolombia operates as a universal bank, delivering its services via Colombia's largest private banking network and through its subsidiaries in the financial services industry, which provide stock brokerage, investment banking, leasing, factoring, consumer finance, trust and asset management services. The Bank also has an agency in Miami and off-shore banking subsidiaries in Panama and Puerto Rico and, since 2007, Bancolombia has also expanded into Central America, acquiring El Salvador's leading bank (Banco Agricola) with a market share of 29% in terms of assets.

For further information, please visit http://www.bancolombia.com/ or contact:

Juan Esteban Toro Valencia, Investor Relations Manager Tel.: 57-4-510-8866, E-mail: juatoro@bancolombia.com.co -or-

i-advize Corporate Communications, Inc., 82 Wall Street, Suite 805, New York, NY 10005

Attention: Maria Barona / Kenia Vargas

Tel.: (212) 406-3691/3695, E-mail: bancolombia@i-advize.com