FAQ

Grupo Aval was incorporated in 1994. However, it was not until 1998 that the Company changed its corporate name from Administraciones Bancarias S.A. (ABSA) to Grupo Aval Acciones y Valores S.A. (Grupo Aval).

Our offices are located at Carrera 13 No. 26A–47, 23rd Floor, Banco de Occidente Building, in Bogotá, Colombia.

Following the enactment of Law 1870 of 2017, also known as the Financial Conglomerates Law, which came into effect on February 6, 2019, Grupo Aval Acciones y Valores S.A. (“Grupo Aval”) became subject to inspection and supervision by the Superintendencia Financiera de Colombia (Financial Superintendency of Colombia). As the holding company of its financial conglomerate, Grupo Aval is responsible for ensuring adequate capital levels, corporate governance standards, an appropriate framework for managing financial risks, and criteria to identify, manage, and disclose conflicts of interest between the entities comprising the conglomerate and their related parties. Our subsidiaries, Banco de Bogotá, Banco de Occidente, Banco Popular, Banco AV Villas, and their respective financial entities, including Porvenir and Corficolombiana, are subject to supervision, inspection, and oversight by the Superintendencia Financiera de Colombia. As an issuer, Grupo Aval is required to comply with periodic financial reporting and corporate governance requirements. As a company registered with the U.S. Securities and Exchange Commission (the “SEC”) and an issuer of securities listed on the New York Stock Exchange (NYSE), Grupo Aval is subject to additional requirements, including the annual filing of Form 20-F and the disclosure of material information through Form 6-K.

As of December 31, 2025, Grupo Aval had more than 70,000 shareholders. The Company has completed five share democratization processes (1999, 2007, 2011, 2013, and 2014). As of December 31, 2025, there were 23,743,475,754 shares outstanding.

Grupo Aval's common and preferred shares are listed on the Colombia Stock Exchange (Bolsa de Valores de Colombia), while its preferred shares are also listed in the form of American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE). The tickers on the Colombia Stock Exchange are GRUPOAVAL and PFAVAL, respectively, while the ticker on the New York Stock Exchange is AVAL.

Common shares participate in the Company's earnings and carry voting rights at the General Shareholders' Meeting. Preferred shares do not carry voting rights at the General Shareholders' Meeting, but are entitled to receive a minimum dividend out of the Company's earnings, provided that such dividend is higher than the dividend declared for common shares. Otherwise, the dividend paid on preferred shares will be equal to the dividend declared for common shares.

Grupo Aval currently has the following international credit ratings:

• Fitch Ratings: BB / Stable – December 22, 2025
• Moody's: Ba2 / Stable – July 16, 2025

Grupo Aval's dividends are approved by the General Shareholders' Meeting and are declared based on the Company's unconsolidated net income for the immediately preceding fiscal year. Grupo Aval has paid a portion of its dividend in shares, in accordance with the limitations established under Colombian law. Dividends are paid on the date determined by the General Shareholders' Meeting. The payment method and payment date are approved at the Annual General Shareholders' Meeting. For further information, please refer to the following link for the investor events calendar.

The ex-dividend period or date refers to the period during which a share purchase and sale transaction is understood not to include the buyer's right to receive dividends pending payment, provided that such transactions are carried out during the period established in Article 3.1.1.12, paragraph 4, of the Colombia Stock Exchange (BVC) Regulations.

Dividends can be collected through a large portion of the branch network of Grupo Aval's banks. For detailed information on the authorized entities, shareholders may contact Deceval at (601) 313 9000 in Bogotá or (601) 419 3737.

The conversion of Grupo Aval common shares into preferred shares is governed by the authorization granted for this purpose by the Extraordinary General Shareholders' Meeting, as recorded in the minutes dated December 7, 2010, and by Grupo Aval's Bylaws. Only the number of common shares requested by the shareholder in the application form will be converted into preferred shares, and such shares must be fully available at the time of conversion. The conversion ratio from common shares into preferred shares is one-to-one; that is, for each common share converted, one preferred share will be issued. All conversion requests must be submitted using the Application Form, which can be downloaded from Grupo Aval's website (www.grupoaval.com), together with the Form Completion Instructions and the Instructions for Processing Applications to Convert Common Shares into Preferred Shares. The shareholder must complete all fields in the Application Form and attach all required documents, as applicable, in accordance with the Form Completion Instructions. Any Application Form that does not contain complete information and supporting documents, or that contains erasures or alterations, will be returned to the correspondence address specified by the shareholder in the form, together with the copies and supporting documents received, so that the information can be corrected or completed. Share conversion requests will only be processed once per month, in accordance with the guidelines included in the Application Form. The form can be downloaded here

No. However, Colombian law requires that when an investor decides to acquire more than 25% of a publicly listed company, such acquisition must be carried out through a Public Tender Offer (OPA), under which the purchase price must be the same for all offerors accepting the offer.

When an investor owns more than 25% of a publicly listed company and decides to increase its stake by more than an additional 5%, the investor must launch a Public Tender Offer (OPA).

Process for requesting a certificate for shareholders holding shares in Colombia: This process must be carried out directly at Deceval's Shareholder Services Office, located at Carrera 7 No. 71-21, Tower B, 12th Floor, Bogotá, D.C., where shareholders receive personalized assistance. Shareholders may also contact the Shareholder Services lines at 307 7127 in Bogotá or 018000 111 901 from outside Bogotá. Deceval, the Centralized Securities Depository, acts as the custodian and administrator of Grupo Aval shares. Process for requesting a certificate for ADR holders (only for registered shareholders with an account at J.P. Morgan, the depositary bank): To request a certificate, you may send an instruction letter by mail or fax to +1 (651) 450-4085. The letter must include the account number or Social Security number, account/accountholder name and registration, address, name of the security, number of shares to be issued under the certificate, and the accountholder(s)' signature. You may also contact our Shareholder Services Center at +1 (651) 453-2128 (outside the U.S.) or (800) 428-4237 (toll-free within the U.S.). Requests to issue certificates for specific tax lots acquired after January 1, 2011 must be submitted in writing only. The instruction letter must include the number of shares and purchase/acquisition date for each tax lot. If this information is not available, the purchase price and acquisition date of each tax lot, or the effective date, may be provided as an alternative. The effective date must be included in the letter. Requests should be sent to: Shareholder Communications
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120 Restricted accounts: Requests will be processed provided that there are no restrictions on the account that could delay or prevent the request from being completed. Note: Beneficial shareholders should contact their bank or broker to request the certificate.

The purchase and/or sale of shares in the secondary market in Colombia must be carried out through a Brokerage Firm (Sociedad Comisionista de Bolsa). A complete list of such firms and their offices is available on the website of the Colombia Stock Exchange (BVC). Investors should contact the brokerage firm of their choice directly to obtain information regarding the account opening process and subsequent transactions in the securities market, as well as to determine whether any commissions will be charged for the transaction.

Grupo Aval currently publishes information for investors in both the local and international markets. Publication dates can be found in the Investor Information Calendar at the following link.

You can contact us at:

Email: investorrelations@grupoaval.com Simón Max Franky Estepa
Senior Director, Financial Planning and Investor Relations