Special report of the Business Group

As of the end of 2020, the Nutresa Business Group was formed by 69 companies, grouped as follows for administrative purposes: eight food Businesses and their production platforms in Colombia and abroad; an international distribution network; four local distribution companies; and four companies that render administrative, logistical and transport services, which provide the corresponding support to the Group’s companies.

In compliance with the provisions of the Colombian laws, particularly Article 29 of Act 222 of 1995, Grupo Nutresa S. A., as the parent company of the Business Group, received from its subordinates for the sales of goods and services the sum of COP 4.060 million, and the amount of COP 233.632 million as dividends. In 2020, Grupo Nutresa S. A. did not endorse any financial obligations of its subordinates. For their part, the subordinates did not carry out operations for third parties by influence or in the interest of the parent company.

Moreover, in 2020, Grupo Nutresa S. A. did not make or stopped making decisions to address the interest or by influence of any of its subordinate companies, and none of them made or stopped making decisions to address the interest or by influence of Grupo Nutresa S. A.

LEGAL PROVISIONS

Grupo Nutresa and its subordinates strictly complied with all intellectual property and copyright regulations, their trademarks are duly registered, and they all own the respective licenses of the software installed at all facilities and keep the corresponding evidence that allows verifying the aforementioned compliance.

In 2020, the Organization did not receive any notices of lawsuits and there were no judicial rulings that could materially affect the Company’s financial condition. No fines or significant penalties were imposed on Grupo Nutresa’s companies or their executive managers.

The Note 17 of Grupo Nutresa’s separate financial statements, which are published on our website, contains all the details of the operations with shareholders and the persons addressed in the Article 47 of Act 222 of 1995 and other concordant regulations. All these operations were carried out under market conditions.

The Company declares that it did not hinder the free circulation of invoices issued by the Business Group’s vendors or suppliers. Additionally, the Company certifies that the financial statements and other relevant reports do not contain any flaws, inaccuracies or errors that would impede finding out the true equity situation of the Company, pursuant to the provisions of the Article 46 of Act 964 of 2005.

PERFORMANCE ASSESSMENT OF THE INFORMATION DISCLOSURE AND FINANCIAL INFORMATION CONTROL SYSTEMS

Grupo Nutresa’s internal control system allows the verifiability, reasonableness and reliability of the information required to plan, direct, control, measure and record the performance of its Businesses, and to ensure an adequate and timely disclosure of financial information to its stakeholders. This system includes, among other elements, policies and procedures; integrated information systems; comprehensive risk management processes; accountability frameworks; budget and cost control tools, plans and programs; and dashboards for the continuous monitoring of the processes carried out by the Administration. Additionally, the internal audit department watches over the fulfillment of the Company’s goals and objectives and the protection, utilization and conservation of its assets. For its part, the tax auditor verifies and certifies the compliance with legal, statutory and administrative standards, the internal control performance and the reasonableness of the Company’s financial statements and the disclosures contained therein, among other matters.

The results of the internal and tax audit activities are communicated to the relevant bodies in a timely manner, which implement the corresponding actions required, confirm that the performance of the Company’s financial information disclosure and control systems is adequate and verify that, over the fiscal term, there were no significant deficiencies in the design and operation of these systems that could have kept the Company from adequately arranging, recording, processing and presenting the financial information, cases of fraud with an effect on the reasonableness of the information or significant changes in the financial information assessment methodology.