<SEC-DOCUMENT>0000950103-25-002978.txt : 20250305
<SEC-HEADER>0000950103-25-002978.hdr.sgml : 20250305
<ACCEPTANCE-DATETIME>20250304180002
ACCESSION NUMBER:		0000950103-25-002978
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250304
FILED AS OF DATE:		20250305
DATE AS OF CHANGE:		20250304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Grupo Aval Acciones Y Valores S.A.
		CENTRAL INDEX KEY:			0001504764
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36631
		FILM NUMBER:		25707087

	BUSINESS ADDRESS:	
		STREET 1:		CARRERA 13 NO. 26A - 47
		CITY:			Bogota D.C.
		STATE:			F8
		ZIP:			00000
		BUSINESS PHONE:		57 1 241-9700

	MAIL ADDRESS:	
		STREET 1:		CARRERA 13 NO. 26A - 47
		CITY:			Bogota D.C.
		STATE:			F8
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dp225873_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K<BR>
<BR></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Report Of Foreign Private Issuer</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant To Rule 13a-16 Or 15d-16 Of</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><B>The Securities Exchange
Act Of 1934</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of March 2025</P>



<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>


<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->




<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-36631</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Grupo Aval Acciones y Valores S.A.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified in its
charter)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Carrera 13 No. 26A - 47</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Bogot&aacute; D.C., Colombia</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive office)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="2" CELLPADDING="2" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center">Form 20-F</TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center">Form 40-F</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 14%">
&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;</P>
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GRUPO AVAL ACCIONES Y VALORES S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; font-size: 10pt; text-align: center"><B>ITEM</B></TD>
    <TD STYLE="width: 91%; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">1.</TD>
    <TD STYLE="font-size: 10pt">Notice of relevant information dated March 4, 2025</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: right"><B>Item 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD>
  <TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>RELEVANT INFORMATION</B></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Bogot&aacute;, March 4, 2025. </B>Grupo Aval
Acciones y Valores S.A. informs that the Ordinary General Meeting of Shareholders has been summoned for March 28, 2025, pursuant the following
announcement:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&ldquo;March 4, 2025</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Grupo Aval Acciones y Valores S.A.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Summoning</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Ordinary General Meeting of Shareholders - 2025</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The Board of Directors and the President of Grupo
Aval Acciones y Valores S.A. (the &ldquo;<U>Company</U>&rdquo;) summons the holders of ordinary shares of the Company to the Ordinary
General Meeting of Shareholders that will take place next Friday, March 28, 2025 at 9:00 a.m, at the Assembly Hall of Banco de Bogot&aacute;
located at Calle 36 No. 7-47, 1st floor in Bogot&aacute; D.C.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The proposed agenda for the abovementioned meeting
is the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD>Quorum verification.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">2.</TD><TD>Consideration and approval of the agenda.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">3.</TD><TD>Appointment of delegates for approval of the minute.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">4.</TD><TD>Report of the Board of Directors and the President of the Company.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">5.</TD><TD>Separate and Consolidated Financial Statements for the period
ended on December 31, 2024, Corporate Business Group Report and additional information required by law.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">6.</TD><TD>Statutory Audit report.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">7.</TD><TD>Consideration and approval of the Report of the Board of Directors
and of the President of the Company, Financial Statements and its attachments for the period ended on December 31, 2024.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">8.</TD><TD>Consideration and approval of the Proposed Distribution of Profits.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">9.</TD><TD>Election of the Board of Directors and approval of its compensation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">10.</TD><TD>Election of the Company&rsquo;s Statutory Auditor and approval
of its compensation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">11.</TD><TD>Propositions and miscellaneous.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In compliance with legal and statutory regulations,
the financial statements for the year ended on December 31, 2024 and other legal documents will remain available to the shareholders for
the legal term at the Company's General Secretary's Office located at Carrera 13 No. 26A-47, 26th Floor in Bogot&aacute;, D.C.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Shareholders may be represented at the General
Assembly through a written proxy specifying the name of the proxy, the person who may substitute them, if applicable, and the date or
period of the meeting(s) for which it is granted.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT=""></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: black">To expedite the issuance
of your credential, please confirm your attendance by emailing investorrelations@grupoaval.com. Likewise, it is recommended that the proxies
of the shareholders submit the proxies in advance of the Assembly date to </FONT>investorrelations@grupoaval.com<FONT STYLE="color: black">.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">MAR&Iacute;A LORENA GUTI&Eacute;RREZ BOTERO</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">President</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Grupo Aval Acciones y Valores S.A.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Additionally, the
following will be the proposed distribution of the profits obtained in 2024, to be considered at the Ordinary General Shareholders&rsquo;
Meeting:</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<DIV STYLE="padding: 4pt; border: Black 1pt solid">

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>GRUPO
AVAL ACCIONES Y VALORES S.A.</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>PROPOSED DISTRIBUTION
OF PROFITS FOR THE PERIOD BEGINNING ON JANUARY 1<SUP>ST</SUP> AND ENDING ON DECEMBER 31<SUP>St</SUP>, 2024</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>GENERAL MEETING
OF SHAREHOLDERS</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><B>Net Income </B></P></TD>
    <TD STYLE="width: 16%"></TD>
    <TD STYLE="width: 1%"></TD>
    <TD STYLE="width: 16%"></TD>
    <TD STYLE="width: 1%"></TD>
    <TD STYLE="width: 16%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>999,886,145,437.08</B></FONT><B></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt">With tax benefit</P></TD>
    <TD></TD>
    <TD></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: right"><FONT STYLE="font-size: 10pt">709,421,434,622.37</FONT></P></TD>
    <TD></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Without tax Benefit </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">290,464,710,814.71</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"></P>
                                             <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><FONT STYLE="font-size: 10pt">Plus:</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><FONT STYLE="font-size: 10pt">Occasional reserve release
at the disposal of the General Meeting of Shareholders</FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.45pt 0pt 0; text-align: right">&nbsp;</P>
                                              <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.45pt 0pt 0; text-align: right">&nbsp;</P>
                                              <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>7,366,472,809,706.07</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt">&nbsp;</P>
                                             <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><FONT STYLE="font-size: 10pt"><B>Year
2019 and following </B></FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.35pt 0pt 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>7,374,076,997,645.87</B></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">With tax benefit</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5,985,797,385,779.14</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Without tax benefit </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">1,388,279,611,866.73</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"></P>
                                             <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><FONT STYLE="font-size: 10pt"><B>Effects
from OCI realizations recognized through the equity method in Subsidiaries </B></FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 1pt 0pt 0; text-align: right">(7,604,187,939.80)</P></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">To be taken from income
without Benefit from year 2022</FONT></P></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(7,604,187,939.80)</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 0.2pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt"><B>Total income available at the disposal
    of the General Meeting of Shareholders: </B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 10pt"><B>8,366,358,955,143.15</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"></P>
<P STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">To
distribute a cash profit of $2.30 per share and per month during the&nbsp;months of April 2025 to March 2026, both months included over
23,743,475,754 shares subscribed and paid as of the date of this meeting</FONT></P>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.45pt 0pt 0"></P>
                                              <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;
655,319,930,810.40</B></FONT></P></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

</DIV>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT=""></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<DIV STYLE="padding: 4pt; border: Black 1pt solid">

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: justify">&nbsp;</P>
<P STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-size: 10pt">The
dividends will be taken from the profits of year 2019, subject to be distributed with benefit for the shareholders.</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Note:
</B>Dividends will be paid within the first ten (10) days of each month </FONT>according with applicable regulation.</P></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: center">&nbsp;</P>
                                                <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: center">&nbsp;</P>
                                                <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: center">&nbsp;</P>
                                                <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>655,319,930,810.40</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 1.3pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 1.3pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><FONT STYLE="font-size: 10pt">The
profits corresponding to the month of April 2025, will be paid from the fourth trading day following the date on which the General Assembly
of Shareholders approves the distribution of profits, that is, as of April 3; in this month the profit payment will be made until April
14.</FONT></P></TD>
    <TD STYLE="width: 16%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>Occasional reserve at
the disposal of the General Meeting of Shareholders</B></FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>7,711,039,024,332.75</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.45pt 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"></P>
                                             <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><FONT STYLE="font-size: 10pt"><B>Total,
with benefit:</B></FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 24.75pt"><FONT STYLE="font-size: 10pt"><B>6,039,898,889,591.11</B></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2024</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">709,421,434,622.37</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2023</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">723,037,875,251.11</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,152,899,630,732.30</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2021</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,654,047,965,428.84</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2020</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,535,096,023,015.28</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2019</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">265,395,960,541.21</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt">&nbsp;</P>
                                             <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1.3pt"><FONT STYLE="font-size: 10pt"><B>Total,
without tax benefit:</B></FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 24.75pt">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 24.75pt"><FONT STYLE="font-size: 10pt"><B>1,671,140,134,741.64</B></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2024</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">290,464,710,814.71</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt">Year 2022</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">1,380,675,423,926.93</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1.3pt"><FONT STYLE="font-size: 10pt"><B>TOTAL</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right"><FONT STYLE="font-size: 10pt"><B>8,366,358,955,143.15</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="border-top: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 100%"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp; <FONT STYLE="font-size: 10pt">&nbsp;<B>NOTES:</B></FONT></P>
                          <P STYLE="margin-left: 0.25in; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The profits that are distributed from the profits of 2017 and following years, are subject to withholding tax at the source of dividends, in accordance with articles 242, 242-1 and 245 of the E.T. (Colombian Tax Law)<B></B></FONT></P>
                          <P STYLE="margin-left: 0.25in; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Pursuant
to article 242-1 of E.T. and in accordance with Regulatory Decree 1457/2020, the withholding at the source of dividends will be transferred
to all shareholders according to their participation, as a lower value to pay.</B></FONT></P></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

</DIV>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Finally, the Company
informs that the payment of dividends scheduled for March 2025 was made in accordance with the Proposed Distribution of Profits approved
by the General Shareholders Meeting on March 20, 2024.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Date: March 4, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>GRUPO AVAL ACCIONES Y VALORES S.A.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&#9;/s/ Jorge Adri&aacute;n Rinc&oacute;n Plata</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 41%">Jorge Adri&aacute;n Rinc&oacute;n Plata</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Legal Counsel</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 6; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" #  98# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M],U+X/6\_A58;>X/]LQ_O/-)(20_W,=AZ'K7M3JTL-%07]>9Y<:=2O)R9@>
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MQ]:HZ'H=[X@U-+&QCW.>7<_=C7N2:X*]=U7R0V_,]S+LNA@X>VK?%^"_X/\
MPR-?P#/K<7B6)=&7>7Q]H1O]68^Y;T]CUKZ K&\-^&[+PSIJVMHNYVYEF(^:
M1O4^WH*X_P ?_$ 6 ET?1Y0;H_+/<*?]5_LK_M?R^M>I@L+-^XM_R/E\XS"G
M7J^TBK):>;_KH'C_ .( L!+I&CRYNS\L]PI_U7^RO^U_+ZUX^268LQ)).22>
M2:"222223R2>]>E^#_ADFHZ=)>:ZLD:SQD00J2K*"/OGW]!^=?2I4L)3U_X<
M^5;J8B?]:'":!XIN/#&J+=VDZ^DL1/RR+Z'_ ![5]!^'?$5AXETM+ZPE# \2
M1D_-&WH:^;O%W@_4/".K&UN09+>0DV]P!\LB_P!".XI_A37K_P +ZFM[8OP>
M)82?EE7T/^/:N2M!8E<T5J=%.3H.S>A]25RWQ%X\"ZE_NK_Z$*T_#WB&Q\2:
M6E[9/[21G[T;>AK,^(P)\!ZF!UV+_P"A"O.I)QJQ3WN=M1ITVUV/GY6&]?J*
M^I;;_CTA_P!Q?Y5\EBYVR '@AAD5]9VO_'G!_P!<U_E7=F$E+E^9RX.-KDU%
M%%>6=X4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% 'C/Q3UG5Y-5_LN>%K;3U^:( \3_[1/MZ=JX73M.N
M]5OXK*RA:6>4X51_,^@]Z^B_$&@67B/3'LKU,CK'(/O1MZBJ/A+P?9^%;,K&
M1->2?ZVX*X)]@.PKUJ6-A3HV2U7]7/.J864ZMV]!OA#PA:^%K# VRWTH_?3X
MZ_[*^@_G72T45Y<YRG+FEN=\8J*LCC?'/@2V\4VWVF )%JD2_NY>@D']UOZ'
MM7A=S93V%U):W4313Q-M=&&"#7U-7*^+O ]EXI6.4O\ 9KQ"!YZKG<N>01W]
MJ[L)BO9OEGM^1RXC#\_O1W.0^%&LZN]Q)I?E-/IJ*6\QC_J#V /<'T_&O5I8
MHYX7BE17C<%65AD$'L:IZ/H]EH6G1V-C$$B3J>['N2>YJ_7-B*D:E1RBK(WH
MPE"*3>IX5X]^'8T*9]1T^-FTUS\RCDP$]C_L^AKB4C2,?*,5]42Q1SQ/%*BO
M&X*LK#((/8UYEJGPACGU!I=.U%;>V<Y\J2,L4^ASR/K7CXC#S>L-NQ]CEN;T
ME'DQ.C77OZ^?YGG&AZ'>^(-22QL8]SGEW/W8U[L37OWAOPW9>&=-6TM%W.>9
M9F'S2-ZGV]!2^'/#=CX9TX6EFN6;F69A\TC>I_PK8K;#X=4U=[GFYGF<L5+D
MAI!?CYO]$<?\1=6U?2?#Q?2X6VR';/<J>85]A[^O:O!B222223U)[U]3R1I+
M&T<B!T<%65AD$'L:XO3_ (::38>(Y-2R9;<$/!:L,K&W<GU ["O>PF*ITH-2
M6OYGRV(P\ZDDT_\ @&#\/_A_CRM9UF'GAK>V<=/1F'\A7JE%%<5:M*K+FD=5
M*E&G&R,[6]#L?$&F26&H0B2)^A_B0]F![$5\_>)O"=[X5U(VUP-\#DF"<#B0
M?T/J*^DJS]9T:RUW39+&^B#Q/T/=3V(/8UKAL0Z,M=B*]%5%IN> ^$]5U72M
M=@;2%:6>5@AMQTE'H?\ 'M7L?Q +MX!OV=-CF-"RYSM.X<9[T[PCX(LO"R22
MA_M-Y(2#.RXVKV ';W]:WM4TZWU?3+BPN@3#.A1L=1[BM:^(A.M&45HNO<SI
M491IN+>Y\N26\4K!G0;AWKMD^)_B:.-46>WVJ !^X%;DWP<NQ*WD:O"8\_+O
MB(./?!IG_"G-0_Z"UM_W[:O0E7PL]9-/Y''&EB(Z*YD?\+2\3_\ /Q;_ /?@
M5:TSXE^)+K5K*WEGMS'+<1QN!"!P6 /\ZN_\*<U#_H+6W_?MJL6'PDOK/4K6
MZ;5+=EAF20J(VR0K X_2LY3P=G:WW%*&)OK<]7HHHKPSU@HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
?"BBB@ HHHH **** "BBB@ HHHH **** "BBB@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" #  8$# 2(  A$! Q$!_\0
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MM%1]8B:?5IGU=1117JGYN%%%% !1110 48SP:** ,J\L_*)DC'R=QZ53KH,
M\&LN\L_*S)&/D[CTH IT444 %%%% !1110 4444 %%%% !1110!Y7\0/A_\
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M5IV]Y'D5%22PO"VUUQ4==C5MS!.X4444 %%%% !1110 4444 %%%% !1110
M4Y&*.&4X([BFT4FDU9C3:=UN;%K=+.N#Q(.H]:LU@1[Q(ICSNSQBMR(N8P9
M ^.0*^:QV7NE>K37N]?+_@'Z!DV=1Q%J%=VGT_O?\'\Q]%%%>0?3A1110 44
M44 ?5-%%%?1GY0%%%% !1110 4444 %%%% !2$ C!''I2T4 9-W9F$EXQF/T
M]*J5T! (P1QZ5E7=GY)WH/W?\J *E%%% !1110 4444 %%%% !1110 4444
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M%C0*HPHZ"A$6-0J !1V%.H **** /-/'_P /Q>B76-'BQ<CYI[=1_K?]I?\
M:]N_UZ^0D$$@C!'8U]4UYKX_^'XO1)K&CQ 70^:>W4?ZW_:4?WO;O]:];!XR
MUJ=3Y,\_$X:_OP/'Z*4@J<$8(['M25[)Y@4444 %%%% !1110 4444 %%%%
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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KBZ,-Y?<:1P]270\AHKZ#_P"%>>%?^@1'_P!_'_QHKG_M*EV9M]2GW1__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
