Republic of Colombia Disclosure Statement

For products and/or services marketed through the Goldman Sachs & Co. LLC Representative Office –
The products and/or services described herein are being marketed to you by the Representative Office (the “Representative Office”) of Goldman Sachs & Co. LLC (“GS&Co.”), which has been authorized by  the Colombian Financial Superintendency (the “Superintendency”) to act in accordance with the provisions contained in Decree 2555 of 2010 (“Decree 2555”) and Chapter II, Title II, Part I of External Circular 029 of 12014  (“Circular 029”) issued by the Superintendency. GS&Co. will provide and/or render products and/or services to you, subject to the disclaimers described herein. Subject to the disclaimers otherwise described herein, the  legal, accounting, financial, commercial and administrative characteristics or risks, including the applicable governing law,  of  the products and/or services are described herein or have otherwise been or will be provided to you. GS&Co. is registered as a broker-dealer and an investment adviser with, and is subject to the supervision of, the U.S. Securities and Exchange Commission (the “SEC”). GS&Co. is also registered as a futures commission merchant and a swap dealer with, and is subject to the supervision of, the U.S. Commodity Futures Trading Commission (the “CFTC”). GS&Co. is a member of the Financial Industry Regulatory Authority (“FINRA”), the New York Stock Exchange, and the Securities Investor Protection Corporation (“SIPC”). SIPC protects SIPC-eligible assets custodied in GS&Co. accounts held in the same title and capacity up to an aggregate maximum of $500,000, of which $250,000 may be in cash. Assets not held by GS&Co. (including interests in private funds) and certain other assets are not subject to SIPC or supplemental insurance coverage. You may obtain information about SIPC, including a brochure describing SIPC and information about which assets are eligible for SIPC protection, by contacting SIPC via telephone at 202-371-8300 or accessing the SIPC website at None of the products and/or services of GS&Co. are insured by the FDIC (Federal Deposit Insurance Corporation). Any complaint regarding the promotional activities carried out by the Representative Office can be sent by mail to the following address in Colombia: Calle 67 No. 7-35, Oficina 1204, Bogotá – Colombia or directly to your sales professional. The Representative Office is not required under Colombian Law to have a customer ombudsman.
For offers of securities in the Republic of Colombia–
This material is for the client’s sole and exclusive use and cannot be understood as being addressed to, or be used by, any third party, including but not limited to those third parties for which the addressee can legally or contractually represent. The securities have not been and will not be offered in the Republic of Colombia (“Colombia”) through a public offering pursuant to Colombian laws and regulations and will not be registered in the Colombian National Registry of Securities and Issuers or on the Colombian Stock Exchange. The client acknowledges that the Colombian laws and regulations (specifically foreign exchange and tax regulations) are applicable to any transaction or investment made in connection with the securities and that the client is the sole party liable for full compliance with any such laws and regulations. The investment in the securities is a permitted investment for the client under its corporate bylaws and/or particular applicable investment regime. Please contact your sales professional for further information about the securities and applicable selling restrictions.