Brigard & Urrutia and Shearman & Sterling assist in credit agreement

On July 16, 2001, Cementos del Caribe - a company pertaining to the Argos group, listed in the Colombian Stock Exchange, executed a US$40 million Credit Agreement with ABN Amro Bank NV, Citibank NA - Nassau Branch, Banco Corfinsura Internacional Inc and Bancolombia (Panamá) SA.