1. Concession AgreementNo. 8000011-OK

March 2008

ITEM REGULATION

Value Indeterminate

RemunerationAssignment of Regulated and Unregulated

Revenues to the Concessionaire

Initial TermVariable: between 15 and 25 years, depending on the

verification of the IRE (Expected Regulated Income)

Current TermVariable: between 24 and 40 years, depending on the

verification of the IRE. Others No. 8 (Dec-2015)

Remuneration of

additions

Adjustment of the IRE by means of a formula agreed in the

Contract and modified by Other No. 8.

Consideration 19% of gross revenue invoiced

Scope of ContractScope of Contract

Stages of the Contract

Previous stage

Adaptation and

modernization

Stage

Maintenance Stage

10 months. From May /

08 to March / 09.

5 years. March / 09 to March / 14. There are 4

contractual milestones March / 10, March / 11,

March / 12 and March / 14

Variable term. From initial signinguntil the expected

regulated income is achieved. Minimum

until 2032 and maximum until

2048.

Six Airports:

Rionegro

Medellín

Montería

Quibdó

Carepa

Corozal

Manage

Operate

CommercializeAdapt and modernize

Maintain

Contract Activities

Las Brujas – Corozal

Los Garzones - Montería

Antonio Roldán Betancur - Carepa

José María Córdova - Rionegro

Olaya Herrera - Medellín

El Caraño - Quibdó

OurAirports

2. Investments

Budget 2008 - 2016Additional contracted works includes the

contract additions and supplies of technical supervision equipment, building value and

cost of mediation

413,931,886,073

Mandatory works433,055,781,382

Total Budget846,987,667,455

Civil Works Investments and Fixed Assets

Airport Investment

Rionegro 256,349,238,505

Medellín 99,032,323,277

Quibdó 199,167,756,863

Montería 113,317,577,378

Carepa 55,889,885,472

Corozal 44,365,620,617

TOTAL 768,122,402,113

Transfers to the State2008 - 2016

$187.385.278.188

Corresponding to 19% of the

concessionaire's income

AirportInstalled capacity no. annual

passengers (2016)

Future Capacityno. passengers with

extensions

Rionegro 8,700,000 10,400,000

Medellín 1,821,000 1,821,000

Quibdó 390,733 790,153

Montería 715,016 1,988,072

Carepa 329,324 329,324

Corozal 100,000 100,000

3. Airport Capacity

Airport Initial Length ExtensionLength Paved or in project

Width Paved AreaPublished

Runway AreaRionegro

3,500 3,500 45 157,500 157,500 Medellín

2,500 2,500 38 95,000 68,400 Quibdó

1,400 400 1,800 30 54,000 42,000 Montería

1,860 440 2,300 45 103,500 103,410 Carepa

1,964 1,964 45 88,380 88,380 Corozal

1,445 355 1,800 30 54,000 43,350 TOTAL 12,669 1,195 13,864

Airport Runways

Airport TerminalTerminal

Extensions2016

Terminal Extensions

2017Comercial Hangars Cargo

Cargo Extensions

2016Parking

Parking Extension

2016

Central Services

2016

Hotel 2016

Library 2016

Rionegro43,000 9,494 8,161 7,917 15,762 58,797

Medellín18,356 2,944 52,304 2,231 14,483

Quibdó2,488 1,499 315 911 208 351 1,260 5,907 14,988 3707 1192

Montería4,178 4,959 993 388 471 5,828

Carepa2,921 374 149 1,638

Corozal1,421 125 50

TOTAL72,364 6,458 9,494 12,912 61,520 18,872 351 82,006 5,907 14,988 3,707 1,192

Areas by Airport (m2)

Airport Type aircraft that can operate

Year operations2015

Annual operationscapacity

Rionegro Boeing 747 77,546 132,000Medellín ATR-72 for commercial

flights (Boeing 737 presidente) 87,530

Quibdó Currently ATR-72, with the extension of runway

Airbus 320 23,192 96,360Montería Airbus A320 19,244 70,080

Carepa Airbus A320 28,085 70,080Corozal ATR-72 3,885 78,840

Operational Capacity

4. What have we done?

Work for more modern airports

2009-2016

What have we done?JMC (SKRG):

Expansion of the Passenger Terminal from 23,000 m2 to 46,667 m2.

Extension of the ramp: Going from 12 connected and 9 remote for type B aircraft, to 12 connected and 11 remote for type C airplanes.

Provision of 12 new boarding bridges.

Passenger Terminal equipment with common passenger processing technology, flight information, security and baggage handling information

What have we done?JMC (SKRG):

Provision of 3 new specialized pieces of equipment for aeronautical fire extinguishing

Construction of a new fuel management system.

4100 m2 extension of the passenger terminal building.

Improvement of runway pavement conditions

Repaving the runway.

Remodeling of the Passenger Terminal in 18,356m2.

Construction of a new Fire Department: 620 m2, equipped with 2 vehicles.

Construction of a new 3,650 m2 Cargo Terminal

Installation of two boarding bridges.

Equipping Passenger Terminal with technology for passenger processing, flight information, security and baggage handling.

Construction of new police barracks and extended anti noise barrier.

What have we done?OH (SKMD):

DespuésAntes

Provision of a new system of aqueduct, sewerage and fire network in the hangar area

Illumination of the runway and installation of REIL light system

Construction of New Control Tower

Construction of New General Aviation Executive Terminal

Construction of private parking

Repavement of the runway.

Construction of new hangars.

What have we done?OH (SKMD):

Construction of new 2.921 m2 Passenger Terminal, equipped with technology for flight information, security and baggage processing.

Construction of new 257 m2 Cargo Terminal.

Extension of the runway width from 30 m to 45 m.

Standardization of the safety buffer and the RESA.

Fire prevention system.

Installation of a new PAPI light system.

What have we done?ARB (SKLC):

DespuésAntes

Provision of the Firehouse and Airport Health Unit with appropriate equipment.

Leveling of runway safety zones and drainage system recovery.

Equipped with potable water andwastewater treatment.

Equipment with independent powersupply systems for the aeronauticalnetwork and the airport network.

Repavement of the runway.

What have we done?ARB (SKLC):

DespuésAntes

What have we done?Los Garzones (SKMT):

Extension of Terminal Building by 844m2 fully equipped with security and

communication systems. It went from 3,334m2 to 4,178m2 Extension of the runway by in 390m. It went from being a 1,917m long runway to

2,300m long, and from 35m to 45m wide. Equipment for ramp inspection. Provision of equipment for the Fire Extinguishing Service.

Antes Después

Total improvement of the firehouse Improvement of the airport health service facilities and equipment. Provided security and luggage equipment: new luggage handling system includes a

CTX and security systems.

What have we done?Los Garzones (SKMT)

Extension of platform by 10,065 m2, we went from 18.810 m2 to 28.875 m2

Construction of new Cargo Terminal: 830m2, 1,060m2 for truck parking and 657m2 of ramp on the air side

Provision of new ALS Approach Lights System

Repaving the runway

What have we done?Los Garzones (SKMT)

Construction of New Passenger Terminal with parking, roads in front of the terminal, in double road.

Provision of new energy substation.

Construction of a new fire network.

Provision of FIDS, BIDS Systems.

Provision of new luggage equipment

Provision of central Air conditioning. Después

What have we done?El Caraño (SKUI)

Antes

Construction of new Firehouse: building, equipment and vehicle

Construction of potable water, wastewater treatment plant and solid waste collection center

Repavement of therunway

Después

Antes

What have we done?El Caraño (SKUI)

Extension of passenger terminal building, signage and furniture. Provision of Information Systems: FIDS and BIDS Provision of vehicles: Ramp Inspector, Ambulance and Fire Engine Improvement and equipment for airport health.

Construction of safety buffers and taxiways.

Installation REIL lights.

Antes Después

What have we done?Las Brujas (SKCZ)

Construction of new Cargo Terminal. Improvement of Fire Department facilities Installation of new security systems and supply of conveyor belt of luggage. Leveling and conformation of the runway edges. Concrete replacement Extension of the runway. Repavement of the runway.

Air conditioning of the Terminal Building.

What have we done?Las Brujas (SKCZ)

Después Antes

PROGRESS OF WORKOctober 2016

This would be the Cargo Terminal of the JMC

AEROPUERTO INTERNACIONAL

JOSÉ MARÍA CÓRDOVA - RIONEGRO

Work DESCRIPTIONSTART DATE

ESTIMATEDVALUE

PROGRESS COMPLETED

Expansion of Domestic Passenger Terminal and

remodeling of the existing and

connectivity module for passengers in transit

• 4.644m2, including 2new boarding bridgesand

• 2,750m2 in remodeling• Satellite connection of

passengers in transit

01-06-2015

Dock22.364.937.337

TransitModules

2.065.016.652

55%*

ConnectivityModulesTransit41%*

Expansion of International Passenger Terminal and modules

of external connectivity-fixed parking point and

internal connectivity.

• 3.900m2 includes 3 new international boarding bridges

• Fixed interior points in the central hall

• Fixed parking spots

01-06-2015

Dock25.240.085.911

ConnectionModules

Parqueadero11.299.134.028Interior Module1.870.002.968

63%*

ConnectivityModules

Exterior

31%*

Interior

52%*

Progress of Work JMC:

WORK DESCRIPTIONSTARTDATE

ESTIMATEDVALUE

PROGRESSCOMPLETED

Expansion of theInternational

Platform

In an area of 57,000 m2, which will allow to generate 5 or 7 remote positions depending on the type of aircraft

24-02-2016 $37.375.659.169 20.45%

Expansion of the Cargo Terminal and remodeling of the

existing oneN of the

International Concourse

• Extension of the Terminal: 2,636 m2

• Extension of the Terminal: 2,636 m2

• Remodeling of existing: 14.975 m2.

• New constructions: 8.080 m2

Record of initiation:

29-06-2016

$45.775.081.039

Supervision$1.756.684.106

Expansion of loading platform and

runways

• Construction of the extension of the loading platform, connecting road and parking lot

Record of initiation

12-07-2016$23.561.055.834

Progress of work JMC:

International Passenger Terminal Expansion

Windowseparators(1)

International Passenger Terminal Expansion

Polishing of floors Installation of alucobond

Connectivity Module:Fixed parking spots A

Metallic structure General picture

Interior Connectivity Module(Armerillo- elevators)

Corev application Substrate primer and corevinstallation

External Connectivity Module:Passengers in transit

Metal frame painting Elevator pit (between piers 6 and 7)

Domestic Passenger Terminal Expansion

Domestic Passenger Terminal Expansion

Boarding Corridor

International Ramp Expansion:

Installation of material P-209

Cargo Terminal Remodeling and Extension

Cargo Terminal Remodeling and Extension

Foundation beams and general view of the concrete structure

Building new center

Extension cargo ramp, connecting road and parking lot

AEROPUERTO LOS GARZONES

MONTERÍA

WORK DESCRIPTIONSTARTDATE

ESTIMATED VALUE

PROGRESS COMPLETED

ExpansionPassengerTerminal Building

Expansion from 4.178m2 to 9.137m2 in total area.

27-05-2015

$28.574.452.791 96%

Progress of Work Los Garzones:

Passenger Terminal Building Expansion

Passenger Terminal Building Expansion

Completed walkways

AEROPUERTO EL CARAÑO

QUIBDÓ

WORK DESCRIPTION START DATE ESTIMATED VALUEPROGRESS

COMPLETED

Terminal BuildingExtension

•Extension of common areas: 680

m2.•Expansion of

commercial areas: 449 m2

06-04-2015 $10.423.815.31472%

Extension of the runway

Extension of the platform

400m more, goes from 1.400m to

1.800m.

2 new positions for aircraft type C,

extension in rigid pavement in

2.588 m2 approx.

06-04-2015 $80.766.902.486 67.61%

Airport Services Center

• Airport Terminal Services: 15,924

m2• Hotel: 3.817 m2• Library: 1,196

m2

06-04-2015$71.926.000.000

Services Center

61%

Pedestrian

bridge:

69%

Progress of Work El Caraño:

Passenger Terminal Building Expansion

Installation of first level windows.

Extension of runway and ramp

Improved subfloor installation in runway extension

Construction of transverse filter in safety buffer

Expansion of safety buffers

• Structure in concrete (Hotel)

Airport Services Center

• Metal structure (Event Square)

Airport Services Center

5. The operation in numbers

YearRIONEGRO

TOTAL MEDELLINMONTE-

RIAQUIBDO CAREPA COROZAL TOTAL

INTER NAL

2008 587.338 1.610.928 2.198.266 1.070.437 349.266 94.599 131.914 48.626 3.893.108

2015 1.216.157 5.592.879 6.809.036 1.116.999 908.687 390.095 214.034 55.416 9.494.267

Passengers Mobilized

244% growth in 7 years

YearRIONEGRO

TOTAL MEDELLINMONTE-

RIAQUIBDO CAREPA COROZAL TOTAL

INTER NAL

2008 9.160 37.433 46.593 77.541 15.711 28.846 8.824 5.820 183.335

2015 16.025 61.521 77.746 87.530 19.244 23.192 20.085 3.885 247.507

Number of Operations

35% growth in 7 years

Year

RIONEGRO

TOTAL MEDELLINMONTE-

RIAQUIBDO CAREPA COROZAL TOTAL

INTER NAL

2008 66.533 24.094 90.628 2.636 701 170 67 4 94.208

2015 75.038 34.868 109.906 1.122 390 204 69 13 111.704

Cargo Mobilized (Tn)

19% growth in 7 years

6. Management Systems and Certifications

Advance ICAO Aerodrome CertificationAeropuerto Internacional José María Córdova

1. Creation of the Aerodrome Manual: Correction of proceduresbased on the revision made by the Civil Aeronautics, state 80%

2. RESA 01: Civil Aeronautics accepted the displacement of Threshold01 of 60 meters. This is the RESA of 150 meters.

3. Construction strip safety east side of the runway: designs made,will be presented to the Grantors as Complementary Work

4. The certification date, by RAC 14, is for December 31, 2016

Quality Management System

Progress:

• Creation of the organizational structure of the company

• Definition and documentation of 25 processes AND 30 procedures

• Definition, measurement and monitoring of indicators• Training to 20 employees as integral auditors of

Management Systems.• Training of internal auditors.• Implementation of the Metrological Plan of the

company.• Execution of 4 internal audits in all processes and in all

Airports.• Preauditory: December 2016• Estimated certification date: 2017

4. Environmental Management SystemCertification NTC ISO 14001

1. Definition of integral policy

2. Documentation and implementation of 6 Environmental Management Plans: objectives, targets and indicatorss

3. Documentation of solid waste programs, water savings: objectives, targets and indicators

4. Structuring of legal matrix, requirements matrix with Environmental Authorities.

Pre-audit date: December 2016

Estimated certification date: 2017

Decree 1072 of May System designed to promote the safety and health of its workers and contractors, its company and its environment by complying with the guidelines of decree

1072 of 2015 framed in a process of continuous improvement.2015

Implementation deadline: January 31, 2017It comprises five stages:

Occupational Health and Safety Management SystemDecree 1072 May 2015

This management system identifies mainly the hazards and risks associated with the airport operation, which in one way or another may

be the cause of an incident or accident.

• Start date of implementationaccording to the plan approvedby civil aeronautics: January2012.

• Phases of implementation: 4phases according to RAC 22and ICAO Doc. 9859.

• Current state ofimplementation: fourth phasein execution.

• Date of approval: December2016

Sistema de Gestión de la SeguridadOperacional – SMS-

7. How do our users see us?

Results of Satisfaction Surveys(CNC, Ipsos Napoleón Franco y MGR Investigaciones)

General indicator of services offered

At Airplan we work to have safer, more agile and more

serviceable airports!