Main Shareholders as of March 31, 2009  Description % Participation Number Of Shares    Geant Internationnal B.V 41.19 116,814,478.00 Geant Fonciere B.V 12.23 34,688,417.00 Exito Adr Program 6.01 17,036,193.00 Inversiones Otrabanda S.A. 5.49 15,573,937.00 Protección fondo de pensiones obligatorias 3.78 10,707,733.00 Santander Ing fondo de pensiones obligatorias 3.40 9,649,937.00 Latic-Latam Investment Company Llc 3.30 9,366,707.00 Bergsaar B.V. 3.11 8,808,267.00 Porvenir fondo de pensiones obligatorias 2.74 7,761,596.00 Adm Sonnenblum Alianza Fiduciaria S.A. Fideicomiso 2.66 7,558,552.00 Fondo de Pensiones Horizonte 1.65 4,681,612.00 Inversiones Pinamar S.A. 1.19 3,366,553.00 Colfondos fondo de pensiones obligatorias 0.99 2,821,365.00 Adm Veilchen Alianza Fiduciaria S.A. Fideicomiso 0.98 2,784,187.00 Fundación Exito 0.60 1,713,582.00 Fedec Federación Nacional de Cafeteros de Colombia 0.56 1,583,121.00 Henry Cubides Olarte 0.41 1,163,510.00 Fundación Fraternidad Medellín 0.39 1,100,000.00 Skandia S.A. fondo de pensiones obligatorias 0.37 1,043,292.00 Fondo de Cesantías Protección 0.22 630,249.00 Other minor shareholders 8.73 24,773,880.00 ** Subtotal common shares ** 283,627,168.00 ** Total outstanding shares ** 283,627,168.00 * Total repurchased shares 635,835.00