Grupo Nutresa S A : 1Q24 Shareholder Newsletter

Quarterly

Newsletter

2024 First Quarter Results

For the first quarter of 2024, Grupo Nutresa reports COP 4,3 trillion in sales and an EBITDA margin of 14,5%. In dollars, consolidated revenues grew by 7,1% and EBITDA grew by 16,7%

Grupo Nutresa obtains

Investment Grade with a 'BBB' Foreign and local rating from Fitch Ratings thanks to the Company's financial robustness and

competitiveness.

Grupo Nutresa moves forward in its path to fulfill its

long-term objectives by means of a solid and competitive business model that enables the Company to navigate a challenging macroeconomic setting with resilience and long-term vision.

Overthe period, credit rating agency Fitch Ratings assigned Grupo Nutresa a long-term Foreign and Local Currency Issuer Default Rating (IDR) of 'BBB', with a stable outlook. This places the company as Investment Grade on an international scale, above Colombian sovereign risk.

According to Fitch, the ratings consider the robustness of

Grupo Nutresa's business profile based on its competitive

positioning in the marketswhere it operates. The rating also

considers the strength and recognition of Grupo Nutresa's brands and broad geographic diversification, which allows it to maintain stable cash flows. Credit ratings are forward- looking opinions about the ability of an enterprise to fulfill financial commitments, and enables the companyto access competitive rates in the global financial markets.

Consolidated financial results of Grupo Nutresa S. A.

for the first quarter of 2024

he first quarter of 2024 was enclosed	which represent an 11,8% decrease in relation
within a challenging business dynamic	to the same period in 2023. In dollars, these
Tin Colombia. The Company navigated	revenues are USD 1,1 trillion, with a growth
through challenges such as (i) consumers with	of 7,1%
lower purchasing power after long inflationary
periods; (ii) a highly competitive and	Revenues in Colombia totaled COP 2,6 trillion,
demanding market; and (iii) the introduction	dropping 6,8% with regard to the previous
of new taxes on several food products.	year, and representing 60,7% of Grupo
	Nutresa's consolidated sales. International

• News

• Financial and stock information

The Organization addressed these challenges by relying on its corporate capabilities,

streamlining processes, prioritizing the affordability and competitiveness of the

portfolio and listening to and understanding

consumers to anticipate their needs. In such a challenging context, Grupo Nutresa's first- quarter sales amounted to COP 4,3 trillion,

• Innovations

13 Sustainability

revenues in dollars stand at USD 430,9 million, with a slight decrease of 1,1%. However, due to a marked revaluation of the Colombian peso during the period, when consolidating these

sales in the local currency, the amount stands at COP 1,7 trillion, with a variation of -18,5% and representing 39,3% of the Organization's

total sales.

To find detailed information, pleaseToreviewfindthedetailedsupplementaryinform tion, pleaseinformationreview theonsupplemenour websiteary

information on our website

In the expense item, a healthy balance is maintained between the operational productivity and the investment in the brands to invigorate the consumption.

Thus, the operating profit stands at COP 491,945 million, which is 8,4% lower that the profit recorded in lastyear's same period. Likewise, the EBITDA totaled COP 622,375 million, dropping 3,8%, and the margin on sales was 4,5%. In dollars, the EBITDA stands at USD 158,8 million with a growth of 16,7%.

By means of its commodity management efforts, the Company achieved a significant reduction in the costs throughout the period. Therefore, there is an expansion of 500 basis points in the gross margin over the quarter, and the gross profit totaled COP 1,8 trillion.

In terms of post-operative expenses, there was a 9,6% reduction in financial

expenses due to the decreased debt recorded over the period. Likewise, and forcomparabilitypurposeswith previousyears, it is important to highlight that

as of this year, dividends associated with Grupo Sura and Grupo Argos stock portfolio are not recorded, since said portfolio was spun off at the end of the year 2023.

Lastly, due the effects stated above, the net profit for the quarter was COP 204.811 million, representing a 40,4% decrease in relation to last year's equivalent period.

Separate Financial Statements

The Separate Financial Statements of Grupo Nutresa S. A. report

COP 204.188 million in operating revenues, which correspond to the profit obtained through the equity method of the investments in food companies. Furthermore, the net profit totaled COP 203.961 million.

Amidst the current challenging consumption dynamics in Colombia, Grupo

Nutresa's total sales amount

COP 4,3 trillion,

11,8% lower than last year's sales in the first quarter. In dollars, these revenues are

USD 1,1 trillion,

with a growth of 7,1%.

Sales in Colombia record

COP 2,6 Trillion,

in revenue, representing a 6,8% decrease in relation to the same period in 2023.

International revenues in dollars stand at

USD 430,9

million,

with a slight drop of 1,1%. Due to a marked revaluation of the Colombian peso during the period, when consolidating these sales in the local currency, the amount stands at

COP 1,7 trillion,

with a variation of -18,5%.

For its part, the consolidated

EBITDA for the period is

COP 622,375

million

with a 14,5% margin on sales. In dollars, the EBITDA stands at USD 158,8 million, with a growth of 16,7%.

2

News

Grupo Nutresa is part of the top 10% in the S&P

Global Sustainable1 sustainability yearbook

After being distinguished in December 2023 as the most sustainable food company in the World and Emerging Markets Indices -MILA-, Grupo Nutresa is once again part of the "S&P Global Sustainable1" SustainabilityYearbook, afterbeing recognized in the top 10%

in the Corporate Sustainability Assessment (CSA) within the same publication.

The S&P Global Sustanaible1 Yearbook lists 9.400 ratings made in the Global Corporate Sustainability Assessment as of February 7, 2024. Unlike the Dow Jones Sustainability Indexes - DJSI - the Yearbook also recognizes companies not listed in the S&P Global BMI - Broad Market Index, i.e. those lacking a significant market capitalization.

The good performance in this evaluation reflects Grupo Nutresa's commitment to drive

the increasing generation of value for its stakeholders through cooperation with people, allies and society; preservation of the planet; and development, growth and innovation. It is also a sign of the resilience, leadership and conscientious work of its leaders and collaborators.

Our adoption of the S&P Global Sustainable1 Corporate Assessment criteria is a story of profound learning and the strengthening of a consistent and coherent collaborative working model with our stakeholders. Being listed in the S&P Global

Sustainable1 Yearbook again reflects the valuable work

carried out by our team, as well as the execution of outstanding sustainable practices that inspire us and allow us to continue building a better world where development is for everyone.

Carlos Ignacio Gallego

CEO

Grupo Nutresa.

Grupo Nutresa obtained outstanding results in the

MERCO 2023 ESG Responsibility monitor

Grupo Nutresa maintained its position

in the thirteenth edition of MERCO 2023 ESG Responsibility (Environmental, Social,

Governance) and was once again ranked as the second most ESG responsible company in

Colombia. The company was also recognized as the most environmentally responsible company, as well as the third most responsible in the social (S) and governance (G) dimensions.

The MERCO ESG Responsibility methodology foresees the evaluation by executives and other groups of experts (including CSR experts), as well as the perception of employees of the

100 MERCO companies, among others.

In total, the study consolidates six analysis perspectives: Ethical Behavior, Transparency

and Good Governance, Fiscal Contribution to the Country, Employee Responsibility, Commitment to the Environment and Climate

Change, and Contribution to the Community; as well as 25 sources of information and a total of 80.472 surveys.

CECODES recognized Grupo Nutresa for its ambitious

environmental goals

As part of the third edition of the CECODES (Colombian Business Council for Sustainable Development) Sustainable Business Award held on Thursday, March 14 in Bogota, Grupo Nutresa was recognized for its work and ambition within the "Ambitious environmental objectives" analysis

criteria.

According to the CECODES team, the recognition takes into account that Grupo Nutresa is "an

organization that has ambitious short and medium-term environmental goals, based on science".

This space served as a call for companies to increase their ambition focused on the criteria required

today from the private sector in terms of sustainability.

Evok opened its first experience store in Dubai

The Evok brand opened its first experience store in Dubai in the first quarter of 2024, in one of

the city's most important shopping malls:

Mercato Mall, in the Jumeirah neighborhood, a strategic place for people from different parts of the world to enjoy the magic and vitality of Evok.

This achievement adds to the brand's presence in this country, since its participation in Expo Dubai 2020 in online channels, specialized stores and coffee shops. With a premium concept, surprising flavors and meaningful

packaging, the brand seeks to continue conquering new territories with ingredients

and stories that are sources of wellness.

3

News

With clean energy, the Cold Cuts Business

operates its plant in Caloto

On March 20, the Cold Cuts Business activated 1.190 solar panels

that will generate electricity for its cold cuts production plant

located in Caloto (Cauca, Colombia) using photovoltaic cells. This project represents a significant milestone in its commitment to the

environment and in the development of its sustainability strategy.

The initiative aims to contribute 18% to 20% of the plant's total electricitydemand. Thiswill result in a significant reduction in monthly

electricity bills, while promoting the use of renewable energy sources.

This implementation has not yielded direct costs for the Business,

as the investment and operation of the photovoltaic system are managed by Gases de Occidente (GDO), through a 10-year operation

contract. Alimentos Cárnicos S. A. S. division only provided the space necessary for the installation, which covers an area of 5.255 square meters.

Grupo Nutresa is Investment Grade with a 'BBB' Foreign and local rating from Fitch Ratings

On April 8, Fitch Ratings, a global credit rating agency, assigned Grupo Nutresa a long-term Foreign and Local Currency Issuer Default Rating (IDR) of 'BBB', with a stable outlook. This places the company as Investment Grade on an international scale, above Colombian sovereign risk.

According to Fitch, the ratings consider the robustness of Grupo Nutresa's business profile based on its competitive positioning in the markets where

it operates. The rating also considers the strength and recognition ofGrupo

Nutresa's brands and broad geographic diversification, which allows it to maintain stable cash flows.

The report highlights that the company's capital structure reflects

consistent low leverage and debt maturities distributed over the long

term. This gives Grupo Nutresa greater financial flexibility and the ability to

continue growing organically and inorganically.

We are extremely pleased to share this news. This Corporate Rating not only gives us the possibility of accessing financial resources under very favorable conditions but also reflects the

work carried out by the organization and our people during recent years through objectives that have driven the Group's superior performance, while executing quick decisions to evolve and enhance our organizational capabilities, with a vision of the future

Carlos Ignacio Gallego

CEO

Grupo Nutresa.

Grupo Nutresa introduced high-impactcommitments for the cocoa sector in

Colombia

On March 13, Compañía Nacional de Chocolates was visited by the President of the Republic, Gustavo Petro Urrego and his entourage, at

its plant in Rionegro.

During the visit, the representatives of the national government had the opportunity to learn first-hand about the contributions that Compañía Nacional de Chocolates has made to strengthen the cocoa

chain in Colombia.

Furthermore, Grupo Nutresa launched a new high-impact program for the cocoa sector. To learn in detail the commitments made by the company, scan the following QR code:

4

News

Tresmontes Lucchetti, awarded in Chile as

"Outstanding ESG Company"

In the framework of the Business Awards organized by the consulting firm Ernst & Young for 17 years, togetherwith the El Mercurio journal - which seeks to recognize the work of Chilean entrepreneurship

and opportunity-building, and a more sustainable future - Tresmontes Lucchetti was awarded in the

category "Outstanding ESG Company" (Environmental, Social, Governance).

The issues evaluated by the jury of more than 60 nominated companies included GHG emissions, en-

gagement with local communities, human rights, diversity and inclusion, corporate governance and risk management, among others. The recognition ceremony was attended by Justo García G., president of TMLUC, accompanied by part of his board of directors, as well as the presidents of the five

unions of the organization, apart from the president of the union federation because, in his opinion, "this is a recognition that falls on our workers who are the driving force behind our management".

Opperar transforms its corporate image

With a commitment to always go forward together, Opperar introduced its new image to position itself as a progress pioneer while maintaining a close and empathetic connection with its customers. This new

identity, featuring an arrow pointing in the right direction, reflects the company's de-

termination to move towards a betterworld where development is for everyone.

New chocolate plant at GCFoods, Santa Marta

In order to support Cordillera's growth for the B2B category of the Chocolate Business and accelerate the development of international markets by 2030, a new production plant at GCFoods in Santa Marta was made available to the brand.

This new production plant for the manufacture of chocolate ingredients offers

important competitive advantages that boost the growth of Cordillera's customers in global markets and contributes to the generation of value throughout the cocoa-chocolate chain.

The new production plant will start operating with 100% of its chocolate lines in the second half of this year; however, the first equipment will start operating in the first quarter of 2024.

Recognitions and awards

El Corral, winner of Rappi's Bigote	Colcafé obtains the registration	The Cold Cuts Business won an award
Dorado (Golden Mustache)	of its UVAE in the Medellín plant	for Operational Excellence in Panama
Hamburguesas El Corral won the Golden	In March, Colcafé received the registration of	The Cold Cuts Business and its company
Mustache Awards organized by the Rappi	its Company Learning Vocational Unit (UVAE)	Alicapsa were recognized in Panama
platform to determine which are the	from the Ministry of Labor as a training center	with the "Ricardo Galindo Quelquejeu"
preferred restaurants of Colombians. This	for Safe Work in Confined Spaces training in	Productivity Award, granted by the Industrial
edition had more than 150.000 votes, 15	the city of Medellín.	Union of Panama and the Ministry of Trade
categories and four participating regions.		and Industry. This award celebrates the
El Corral was the winner in the Hamburger		implementation of the Supply Chain Design
category.		and Operations Planning process.
		5

Recognitions and awards

The Chocolate Business obtains nutritional claim associated with vascular health

The nutritional declaration was granted in Colombia by the National Institute of Food and Drug Surveillance - Invima - thanks to the development of a cocoa extract (registered as FlavaXtract) which, when

applied to cocoa-based beverages, results in a product with up to 13 times more

antioxidant content than a traditional beverage.

Kibo, in the Top 10 Alternative Protein Companies 2023

Kibo Foods entered the top 10 Alternative Protein Companies 2023 according to Food

Business Review, reiterating the brand's commitment to creating nutritious, plant- based products with all the power of nature.

In parallel, Kibo was selected as a finalist for the NEXTY awards in the Salty Snack

category, with its variety of Chickpea Chips with Mediterranean Herb flavor.

Dracula 2023, recognized at the P&M TOP 10 Awards

The Dracula 2023 "Sea Monsters Dive into

the Origin" campaign was awarded in two categories in the P&M TOP 10 awards: second place in Brand of the Year; and third place as Campaign of the Year.

Biscuit Business Brands, recognized in different countries

Noel ranked 6th in the Brand Asset Valuator (BAV) of brands preferred by Colombians, according to the VMLY&R firm. In addition, according to the Top of Mind ranking by Revista Dinero, Saltín Noel is the leading brand in the Biscuit category in Colombia,

followed by Ducales and Festival. Finally, in the Lovemarks Alimentos ranking of the magazine Estrategia y Negocios of Costa Rica, Pozuelo ranked second, seventh in

Lovemarks Marca Insignia, and 20th in the Regional Top 50.

Monticello, once again awarded by ITQ

The International Taste Institute (ITQ) in Brussels ratified Monticello as a brand that is committed to offering the highest quality ingredients.

The brand earned the top award of three stars for Balsamic Vinegar and

Coconut Oil; two stars for Olive Oil and Avocado Oil; and one star for

Neapolitan Sauce and Pesto.

The Pasta Business continues to work on its standards to provide

high quality products

The Mosquera Plant of the Pasta Business

received from Invima the renewal of the Good

Manufacturing Practices (GMP) certification,

reinforcing the continuous commitment

to the quality and safety of the products

produced therein.

TMLUC receives "Territorio Circular Award" for revaluation of organic waste

In the first edition of the "Circular Territory

Award", held in the framework of Santiago

Circular Economy Hotspot 2023, Tresmontes

Lucchetti received recognition for its initiative of revaluation of organic waste, integrating

circular economy models to achieve innovative solutions for the benefit of the

commune of Casablanca.

Noel, Gold Category as a sustainable

company in the Aburrá Valley Compañía de Galletas Noel obtained the

Gold Category recognition as a sustainable company in the Aburrá Valley, in the fifth version of PRES - Business Recognition in Sustainability of the Metropolitan Area of the Aburrá Valley, which highlights the effort and

dedication of those companies that stand out for their good environmental and social practices.

6

Financial and stock information

Consolidated Income Statement*

Income statement as of March 31st, 2024

(Values expressed in millions of Colombian Pesos)

JAN-MAR

2024

CONTINUING OPERATIONS

% Revenues

JAN-MAR

2023

% Revenues

% VAR

Operating revenue	4.306.967		4.880.506		-11,8%
Cost of goods sold	(2.472.119)	-57,4%	(3.043.369)	-62,4%	-18,8%
Gross profit	1.834.848	42,6%	1.837.137	37,6%	-0,1%
Administrative expenses	(172.953)	-4,0%	(172.083)	-3,5%	0,5%
Sales expenses	(1.074.437)	-24,9%	(1.077.396)	-22,1%	-0,3%
Production expenses	(77.462)	-1,8%	(75.885)	-1,6%	2,1%
Exchange differences on operating assets and liabilities	(22.266)	-0,5%	19.258	0,4%	N/A
Other operating income, net	4.215	0,1%	6.135	0,1%	-31,3%
Operating profit	491.945	11,4%	537.166	11,0%	-8,4%
Financial income	15.099	0,4%	24.100	0,5%	-37,3%
Financial expenses	(184.747)	-4,3%	(204.341)	-4,2%	-9,6%
Dividends	-	0,0%	126.981	2,6%	-100,0%
Exchange differences on non-operating assets and liabilities	(1.966)	0,0%	(38.986)	-0,8%	-95,0%
Share of profit of associates and joint ventures	(7.717)	-0,2%	(4.540)	-0,1%	70,0%
Other income	2.137	0,0%	-	0,0%	-
Income before tax and non-controlling interest	314.751	7,3%	440.380	9,0%	-28,5%
Current income tax	(115.869)	-2,7%	(114.669)	-2,3%	1,0%
Deferred income tax	8.810	0,2%	22.494	0,5%	-60,8%
Profit after taxes from continuous operations	207.692	4,8%	348.205	7,1%	-40,4%
Discontinued operations, after income tax	-	0,0%	-	0,0%	-
Net profit for the period	207.692	4,8%	348.205	7,1%	-40,4%
Non-controlling interest	2.881	0,1%	4.753	0,1%	-39,4%
Profit for the period attributable to controlling interest	204.811	4,8%	343.452	7,0%	-40,4%
EBITDA	622.375	14,5%	647.058	13,3%	-3,8%

*Unaudited information.

7

Financial and stock information

Consolidated Financial Statement

As of March 31st, 2024

(Values expressed in millions of Colombian Pesos)

	MAR-24	DEC-23	% VAR
ASSETS
Current assets
Cash and cash equivalents	770.159	1.068.071	-27,9%
Trade and other receivables, net	1.850.142	1.703.828	8,6%
Inventories, net	2.139.773	2.232.801	-4,2%
Biological assets	210.368	227.475	-7,5%
Other assets	643.622	549.378	17,2%
Non-current assets held for sale	97	246	-60,6%
Total current assets	5.614.161	5.781.799	-2,9%
Non-current assets
Trade and other receivables, net	38.373	37.227	3,1%
Investments in associated and joint ventures	251.122	261.050	-3,8%
Equity investments at fair value	150.903	134.244	12,4%
Property, plant and equipment, net	3.974.976	3.967.953	0,2%
Right-of-use assets	916.218	935.746	-2,1%
Investment properties	8.030	8.109	-1,0%
Goodwill	2.290.266	2.378.919	-3,7%
Other intangible assets	1.333.136	1.357.578	-1,8%
Deferred tax assets	786.252	810.538	-3,0%
Other assets	14.241	15.667	-9,1%
Total non-current assets	9.763.517	9.907.031	-1,4%
TOTAL ASSETS	15.377.678	15.688.830	-2,0%
LIABILITIES
Current liabilities
Financial obligations	743.243	757.727	-1,9%
Right-of-use liabilities	180.549	179.891	0,4%
Trade and other payables	1.626.049	1.924.834	-15,5%
Tax charges	393.667	378.278	4,1%
Employee benefits liabilities	270.635	308.503	-12,3%
Provisions	5.852	5.740	2,0%
Other liabilities	99.464	148.300	-32,9%
Total current liabilities	3.319.459	3.703.273	-10,4%
Non-current liabilities
Financial obligations	3.360.502	3.346.230	0,4%
Right-of-use liabilities	841.849	856.141	-1,7%
Employee benefits liabilities	217.578	219.492	-0,9%
Deferred tax liabilities	1.113.442	1.112.389	0,1%
Provisions	7.109	7.054	0,8%
Total non-current liabilities	5.540.480	5.541.306	0,0%
TOTAL LIABILITIES	8.859.939	9.244.579	-4,2%
SHAREHOLDER EQUITY
Equity attributable to the controlling interest	6.441.147	6.367.668	1,2%
Non-controlling interest	76.592	76.583	0,0%
TOTAL SHAREHOLDER EQUITY	6.517.739	6.444.251	1,1%
TOTAL LIABILITIES AND EQUITY	15.377.678	15.688.830	-2,0%

Indicators

Closing price	45.900
Closing price 12 months prior	50.000
Max. 52 weeks	62.990
Min. 52 weeks	42.980
Market Cap. (COPMM)	21.010.994
Intrinsic value(1)	14.238
P/E Ratio(2)	33,6
P/BV(2)	3,4
EV / EBITDA(2)	11,5
Earnings per Share(3)	1.271
Monthly Dividend per share	113
Dividend Yield(3)	2,7%
Share Price Return(3)	-8,2%
Total Return(3)	-5,6%
Change in COLCAP(3)	15,2%
Return on assets	10,1%
Return on Equity(2)	9,4%
Return on Invested Capital(2)	11,3%
Outstanding Shares	457.755.869
Number of Shareholders	9.826
Bursatility	High

FIGURES IN COP$ MM

1. Calculated over total shareholder equity
2. Food companies / 12 months
3. Last 12 months
4. Shares outstanding at the close

8

Innovations

Biscuits

New line of SpiruTés in

Naturela: vital energy

Naturela presented in Colombia

its new SpiruTé Purifying Tea - a blend of natural ingredients such

as matcha tea, green tea, spirulina and lemon. More than a drink, it is

a holistic experience that promotes balance in daily life. This tea, rich in

antioxidants, activates the body's energy center, the Solar Plexus

Chakra, providing a feeling of vitality.

La Ducalería: a magical experience with a secret touch

The Ducalería is an experience to

strengthen the connection with the

consumer in which "Ducalovers" enjoy combining the different varieties of Ducal cookies with different toppings and sauces. In 2023, the brand managed to expand

its reach with sales in two shopping malls in Bogota and Medellin, growing the community of "Ducalovers" to 169.099 followers, reaching 94.242 physical

contacts.

Coffee

New sugar cane Sello Rojo	Colcafé Amaretto
The new sugar cane Sello Rojo Coffee	In April 2024, Colcafé
launched in Colombia in February of	Amaretto, the ideal flavored
this year is an innovative product that	coffee, was launched in
fuses the authentic flavor of Colombian	the Colombian market. Its
coffee with the natural sweetness of	flavor perfectly combines
sugar cane - a traditional sweetener	the sweetness of apricot
deeply rooted in the culture of the	and the aroma of almonds,
country. Sugar cane Sello Rojo arrives	an explosion of flavors that
to satisfy the needs of more than 70%	brings you to an European
of Colombians who sweeten their	coffee with a delightful
coffee and are looking for a natural and	Colombian touch. Available
healthy alternative to sugar.	in a handy 50 g size.

Tosh Serenity Infusion

Tosh Serenity is a unique infusion

created to promote holistic wellness.

This innovative blend combines the benefits of chamomile, ginger, citron

and maca, ingredients recognized for their soothing and revitalizing properties.

COLD CUTS

New Hose Sausage

The Rica and Cunit brands introduced the

new 360 gr. hose sausage in order to be more

competitive and recover sales in the hose sausage sub-segment. Designed specifically

for the modern channel, mini-markets and convenience stores, it has a higheryield, exceptional taste and an excellent promise of savings and economy.

New Chorizo Chuzo Type

Zenú presented its most recent innovation:

the new Chorizo Chuzo type, a product carefully elaborated to conquer the palates

of all good food lovers. It is the perfect accompaniment for barbecues and picadas, or simply to enjoy with the family. Available in large chains, self-service stores, delicatessens and wholesalers.

Rica Tuna conquers United States

The Cold Cuts Business launched its Rica brand tuna portfolio in the United States with the objective of satisfying the food needs of Latino consumers through the Cordialsa network. This is the third category in which the Business participates internationally, along with vegetables and long-life sausages.

Cábano Ranchera: a snack to revolutionize the market

The Cold Cuts Business has taken an important step in the world of meat

snacks with the launch of the new Cábano Ranchera, which combines a delicious flavorwith an irresistible texture. With a long shelf life of 65 days and in presentations of 25, 80 and 160 grams, the new Ranchera cabano offers options for all tastes and needs.

Zenú expands its horizons in Panama

The Cold Cuts Business launched a new

product category in Panama: long-life

tuna under the Zenú brand. This step represents an ongoing quest for growth and diversification, offering consumers

two tempting options: tuna in water and

tuna in sunflower oil.

9

Innovations

Chocolates

New Limited Edition of Jumbo Fest During 2024 Jumbo brings the new limited edition of "Jumbo Fest", a delicious Milk

Chocolate and White Chocolate barwith

peanuts and corn flakes. This edition came

to join La Solar, the hottest music festival held in Medellin with important national and

international artists.

New Chocolisto Marshmallows in the U.S. and the Caribbean

In the first quarter of 2024, Chocolisto launched its latest innovation: Chocolisto Marshmallows,

with additions of freeze-dried marshmallows. It is a product designed for the palate of U.S. and

Caribbean consumers that will allow the brand to fulfill its superior purpose in homes of all

ethnicities and countries in the strategic region.

New Montblanc

Baileys Chocolat Luxe

On Women's Day and the month

of Mothers, Montblanc seduces its

consumers with the new Baileys Chocolat

Luxe edition, which combines the flavor of Baileys with creamy Montblanc chocolate. In two presentations: Milk Chocolate

Bonbons and White Chocolate Bar.

	La Especial celebrates Mothers
	with special combinations.
Tutto Crunchy Bites	La Especial introduced in Colombia
In 2024 Tutto bursts into new opportunity	the new Chocolate Covered
segments in the candy category in Central	Cranberries, a perfect combination to
America with the new Crunchy Bites and a	celebrate Women's Day and Mother's
portfolio of three references: crunchy almond	Day. A sweet and delicious option that
covered with milk chocolate; semi dark	completes the family of chocolate
chocolate 54% passion fruit flavor; and white
compressed products, togetherwith
chocolate orange flavor.	hazelnuts.

New Granuts Oriental and Lemon flavor in Peru

Granuts introduced the Peruvian market the perfect crunchiness

with the new Granuts Kraks, delicious coated oriental Granuts. The brand also launched the new Granuts Kraks Lemon to

surprise the market with its sour crunchiness. Both references are available in 25, 50 and 180 g formats.

New line of Evok granolas	New Haka Phytotherapeutics Line
With its new line of granolas, Evok expands its	With its new line of phytotherapy, Haka
portfolio and creates new moments of well-	strengthens its natural wellness value
being during the day. The new Evok granolas are	proposition, connecting ancestral wisdom
100% natural, sweetened with cane honey, fully	with scientific knowledge through natural
baked and have no warning seals. They contain	medicine. HAKA's phyto-therapeutics
added nuts and come in two delicious flavors:	include capsules, tablets and extracts of
blackberry, cinnamon and nutmeg; and orange,	plant origin used for therapeutic purposes
ginger and mint.	to prevent, alleviate or cure a pathological
	condition or disease, or for maintaining
	health and well-being.

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