Last updated on July 11, 2025.

LOCAL CONDITIONS FOR COLOMBIA

Membership Local Conditions

1. Maximum Reward:

PriceSmart Colombia Platinum Members receive a 2% reward on the majority of purchases, a percentage calculated on the purchase value, not including the VAT.

The maximum reward may not exceed $ 1.950.000/year.

2. Payment Methods and Currency

a. Payment methods accepted by PriceSmart.com: Visa and Master Card (debit card, credit card).

b. Payment currency at PriceSmart.com: colombian pesos (COP).

c. Payment methods accepted at Club cashiers: Cash, Amex, Big Pass Card, Gift Card PriceSmart, MasterCard, PriceSmart Scotiabank Visa, Codensa Card, Tuya Card, Visa, Diners Club.

3. Membership Prices

Diamond Membership: Annual Payment COP$ 144.900, includes one card for the cardholder and an additional card.

Diamond Platinum Membership: Annual Payment COP$ 299.900, includes one card for the cardholder and an additional card.

Business Membership: Annual Payment COP$ 144.900, includes card one for the cardholder and an additional card. Up to 3 additional cards available at COP$ 42.900/each.

Business Platinum Membership: Annual Payment COP $299,900, includes one card for the cardholder and an additional card. Up to three additional cards available at COP$ 72.000/each.

4. Online Purchase Rewards and Cashback accumulation

All purchases on pricesmart.com, PriceSmart app and any associated channels will accumulate Platinum Membership rewards as per Membership terms and conditions. Members, holders of a co-branded credit card in Colombia, will accumulate 4% PriceCash for inclub purchases only. Temporarily, pricesmart.com purchases will only accumulate 1% PriceCash.

5. ELECTRONIC INVOICING

The email address for submitting the Electronic Invoice will be the one provided by the Member in the Membership form at the time of purchase. The Member agrees that this email will be the sole means of delivering the electronic invoice for their purchases. If there is no associated email, they must update their information with the Club to ensure receipt of the invoice.

6. Legal age to purchase/renew a Membership, purchase alcohol and tobacco products

In Colombia, a person is considered of legal age when they are 18 years of age or older. Online and in-club purchases of restricted items, including but not limited to alcohol and tobacco, must comply with the local legal age defined to acquire these goods, which, in the case of Colombia, is 18 years of age or older.

7. Privacy Policy Conditions

APPENDIX 1 – SPECIFIC PROVISIONS FOR THE REPUBLIC OF COLOMBIA

Identification of the Data Controller and Contact Channels

- PriceSmart Colombia S.A.S. - N.I.T. 900319753-3

- Address: Avenida Calle 26 No. 71A – 16 Oficinas Administrativas

- Telephone (57) (1) 7424114. Email: [email protected]

- Webpage: www.pricesmart.com https://shop.PriceSmart.com/co/sp/contact-us/

Procedure for the Exercise of Your Rights as Data Owner

Queries: Data owners who wish to make inquiries must consider that PriceSmart, as the data controller, will provide said persons with all the information contained in the individual record or that is linked to the identification of the Holder. The query will be made through the contact channels enabled by PriceSmart and will be answered within a maximum term of ten (10) business days from the date of receipt of the request. When it is not possible to attend the query within said term, the interested party will be informed, stating the reasons for the delay and indicating the date on which their query will be attended, which in no case may exceed five (5) business days following the due date. of the first term, without prejudice to the provisions contained in special laws or regulations issued by the National Government that may establish lower terms, based on the nature of the personal data.

Claims: The data owner who considers that the information contained in a PriceSmart database should be corrected, updated or deleted, or when he/she notices the alleged breach of any of the duties contained in the applicable Law, may file a claim with PriceSmart or the person in charge of the treatment, which will be processed under the following rules:

(i) The claim will be formulated through a request addressed to PriceSmart or to the person in charge of the treatment, with the identification of the Holder, the description of the facts that give rise to the claim and the address, accompanying the documents that you want to assert.

(ii) If the claim is incom

of the claim to correct the faults. After two (2) months from the date of the request without the applicant submitting the required information, it will be understood that the claim has been withdrawn.

(iii) In the event that the person who receives the claim is not competent to resolve it, it will be transferred to the appropriate person within a maximum term of two (2) business days and the situation will be reported to the interested party.

(iv) Once the complete claim is received, in a term not exceeding two (2) business days, a legend will be included in the database that says "claim in process" and the causes that motivated it. Said legend must be maintained until the claim is resolved in substance.

The maximum term to address the claim will be fifteen (15) business days from the day following the date of receipt. When it is not possible to address the claim within said term, the interested party will be informed of the reasons for the delay and the date on which their claim will be addressed, which in no case may exceed eight business days following the expiration of the first term.

Revised: February 22, 2022

8. PriceSmart Tire Center Conditions

Tire/Battery Warranty Form

Available to the original member who purchased Passenger and/or Truck/SUV tires that are purchased and installed at PriceSmart. Warranty covers manufacture defects on the tire tread area for tire(s) that are installed at PriceSmart. Warranty coverage is based on the remaining tread at the time of failure. The warranty does not apply to tires that are repairable. This plan is available under the following conditions: The member must be the original purchaser, have an active PriceSmart membership, ensure correct mechanical maintenance of their vehicle that does not directly affect the tires, and must present the original warranty form and invoice.

PriceSmart Warranty Protection Plan

The protection plan includes Rotations and Balances every 10,000 KMS or 6 months and flat/puncture repair at no cost as long as the damage and tire meet the recommended conditions for repair. (It is necessary to present this warranty form and original invoice for these services).

PriceSmart will repair tires with tread damage no greater than ¼’ in diameter, and with more than 2/32 of an inch remaining tread (per tread gauge). The protection plan is not applicable on a tire(s) with cuts, non-repairable puncture or impact damage, including vandalism or damage incurred in accidents.

This protection plan does not replace or modify any original manufacturer's warranty against defects in workmanship and material. When the protection plan is applied the member will be given credit for the purchase of a new tire on a pro-rated basis based on remaining tread of the tire.

The usable tread of a tire is the original tread depth minus 2/32 of an inch, (according to tread gauge).

The member must submit the claim to the PriceSmart club with their invoice and warranty form and the damaged tire must accompany the claim. Member is required to sign PriceSmart's return receipt.

The Protection Plan does NOT cover: A) Damage due to vandalism or other intentional reason, B) Tires transferred and installed on a different vehicle, C) Loss of time, inconvenience, loss of use of the vehicle or consequential damage, E) DOES NOT COVER DAMAGE TO SIDEWALLS OF THE TIRE.

As a condition of this plan, the member is required to make sure that their vehicle is in optimal mechanical conditions and that the tires be properly installed, balanced, rotated, and operating at proper air pressure to obtain maximum mileage use from the tire. The air pressure of the tires including the spare should be checked at least once a month.

Clubs in Colombia that offer alignment services: 6101 - Barranquilla/6108 - Usaquén

Clubs in Colombia that don´t offer alignment services: 6102 -Cañas Gordas / 6104 - Pereira / 6105 - Salitre / 6106 - Medellín / 6107 - Chía

Other Conditions

1. About the Home Delivery Service for Large Size and Heavy Weight Items

Home delivery is a service provided by PriceSmart to deliver orders and items that because of their size and weight (+9.5 cubic feet and/or +100lbs) are not eligible for Standard Delivery (Next day) or Express Delivery (Same Day).

These deliveries are scheduled 3 times a week and follow the same distance limitation of that of our other delivery services. These may vary by country.

For PriceSmart to provide the Home Delivery service some conditions must be met:

1. Members must confirm that product or products purchased can be handled and pass through the access tunnel to your final address, whether they are door frames, elevators, stairs, corridors, or any other physical restriction of the property where the delivery will be made.

2. The product will be left in the Lobby or first floor if it is delivered to a building. If the building has a suitable freight elevator within which the product can be transported, the delivery staff will help you get the item up to the designated floor. If the delivery is to a residence, the delivery personnel could deposit the product in the place selected by the member if the conditions mentioned previously are met.

3. For the safety of the people in charge of the delivery and protection of the product, it will only be properly handled with its original packaging until the final delivery site.

4. Once the product is at the disired adress, the member must remove the packaging and examine the product carefully, it must arrive in perfect condition without any damages. If the member is satisfied, he or she must sign the delivery documents or the delivery application as proof that the item has beed delivered in perfect condition.

5. If the item is not in perfect condition the member must not accept it and return it to the delivery personnel, detailing the reasons for non-acceptance in writing in the delivery form or application.

6. The member must guarantee the reception and attention to the Home Delivery staff on the agreed delivery date. If the delivery cannot be concluded due to non-compliance or non-availability of the member, a second delivery will be scheduled with an additional charge that the member must pay.

7. If the member lives an apartment or the delivery is any type of building, the member is responsible to comply with all restrictions and regulations. In the case that the delivery can’t be executed because of a noncompliance with the building’s regulations; an additional charge would be made for failed delivery that must be assumed by the member.

8. PriceSmart assumes the responsibility to deliver the purchased product in perfect condition to the address assigned by the member, only if the member complies with the conditions stated above.

9. At the time of purchase, the member will be informed of the day of delivery, but not the exact time.

10. Delivery personnel are not authorized to handle the product other than the delivery item(s). Tasks such as installations, disassembling doors or any other task will not be carried out.

11. Products will not be delivered through entrances other than those of normal transit, PriceSmart does not perform entrance maneuvers through balconies, windows or accesses other than those of normal transit of the place of delivery.

12. If the product cannot be delivered through the normal entrance tunnel, the product will be delivered to the property's concierge only with authorization and under the responsibility of the member.

13. The delivery personnel will not receive any economic or any other incentive from the member, they are also not authorized to perform tasks other than the delivery and those specified in agreement document.

14. No packaged product will be delivered; PriceSmart´s responsibility is to deliver the product in optimal physical condition and unpack for the member to inspect.

15. The delivery staff is committed to offer the best possible service to the member; PriceSmart´s interest is to provide the member with an outstanding shopping experience.

16. The delivery service will only cover the urban area of the city where the purchase was done. To verify coverage of other cities, please consult with sales floor staff or Click & Go Staff

2. Together for Education campaign

Donations are not tax-deductible. Maximum matching amount is US$120,000 based on the exchange rate in effect on the campaign closing date.

3. Good Year Tires Promotion – Colombia

Valid from July 11 to August 10

This program is sponsored and conducted by PriceSmart, Inc. and shall be governed by the following conditions:

1. The program is valid in Colombia.

2. This program consists of PriceSmart Inc. providing members with the opportunity to save money when purchasing four tires of the same model through www.pricesmart.com. Purchases must be made between July 11 and August 10, 2025, and the tires must be picked up at the club or delivered via express home delivery or standard service.

Country:	Members will receive a discount in local currency on the total value of the purchase
Colombia	$ 130.000

3. Orders placed on August 10 after 8:00 p.m. local time will be processed on August 11 and will incur the regular charges without the discount.

This applies only to clubs with a tire center and to a specific selection of products available on the promotional page of the campaign during the period described above. There is a limit of two order numbers (of four tires each) per membership within the limits defined by the terms and conditions of this program and the website. This offer is subject to inventory and available while supplies last.

5. To apply the promotion to an online purchase, members must complete the following steps: a. Select four tires of the same make and model and add them to the cart; b. Complete the order and payment. The order total will not reflect the savings; c. The savings will be reflected on the final invoice provided at the time of order delivery.   The discount will be reflected in the balance sheet. The time it takes for this reversal to occur is subject to each bank's processes.

6. Warranties and Returns: The warranty terms and conditions for each product are available in the Local Conditions section of the PriceSmart website. The warranty only applies if the product is installed at PriceSmart’s Tire Center. Products purchased during this promotion will only be accepted for return at clubs with tire centers.

7. Orders or products that, due to their dimensions and weight, are considered large volume (0.29 m³ or more) are not eligible for Standard or Express Delivery. Bulky orders and orders that include large-volume items will be processed manually, and the corresponding members will be contacted to arrange an alternative shipping option at an additional cost.

8. Orders placed during the promotional period will be processed according to the terms and conditions of the online purchase service described in the "About the Online Purchase and Club Pickup Service Platform" section (Click and Go, Express, and Standard Home Delivery) of the Policies and Returns. PriceSmart may change the area of coverage at its discretion and is responsible for communicating this change to participants with sufficient advance notice. Participants cannot claim any type of damage or harm until that moment.

9. The program will be executed according to user and traffic management capacity, as well as the capacity and limitations of www.pricesmart.com.

10. The program only applies to active members during the promotional period. Inactive members who wish to participate may renew their membership online or at their preferred club at any time before or during the promotional period.

11. This program applies to payment methods available on www.pricesmart.com in this country.

12. It does not apply to customers with inactive or canceled PriceSmart Memberships.

13. PriceSmart will immediately suspend the promotion at its discretion without assuming any responsibility if it deems it necessary due to fraud, such as alterations, substitutions, or any other irregularity in the development of the promotion, use of the membership, or receipt and processing of the determination in the payment registry.

14. If PriceSmart is forced to suspend the promotion, either temporarily or permanently, due to an act of God or force majeure, it will only be responsible for sufficiently communicating said circumstance. Participants will not be able to claim any type of damage or harm up to that moment.

15. Participants accept this benefit under the conditions that PriceSmart has chosen, without the right to claim improvements or changes.

16. Participants release PriceSmart from all liability. They acknowledge that they are participating in the program of their own free will and at their own risk. They also acknowledge that they understand all of the above clauses and waive any claim for damage, loss, or harm caused by the use, enjoyment, or abuse of the program's benefits.

17. Participants are deemed informed of any additions or clarifications to these rules and regulations upon their sole publication by PriceSmart on its website, www.pricesmart.com, in this same space.

18. For more information or to make an inquiry about this promotion please visit www.pricesmart.com

Co-Branded Credit Card Terms and Conditions for the Tire Promotion

Registered trademark of The Bank of Nova Scotia, used under license. Scotiabank Colpatria Banking Establishment. The campaign is valid from July 11 to August 10, 2025, for PriceSmart Scotiabank Colpatria Credit Card customers who make in-person purchases at PriceSmart Colombia Clubs during the campaign period. Customers will receive a discount of either $60,000 or $100,000 in vouchers for the purchase of four units of the promoted products. A maximum of two discount coupons per member will be given while supplies last.

The bonus will be given as follows: You will receive a $100,000 bonus if each tire is valued at more than $500,000. If the value of each tire is equal to or less than $500,000, you will receive a $60,000 bonus. This does not apply to purchases made at Pricesmart.com. This discount/bonus is valid when the product is purchased in full of the PriceSmart Scotiabank Colpatria Credit Card. This offer is limited to the availability of inventory at each PriceSmart Club. Tires are not available at the Cali Menga, Medellín Poblado, or Floridablanca clubs. The tire price includes installation, balancing, rotations, and puncture repair offered by PriceSmart.

This voucher cannot be redeemed for cash or other products. The discount/bonus will be applied at checkout. This campaign is cumulative with the SmartCash accumulation program, additional accumulation campaigns in the club or tire center, and the 0% interest rate financing program, according to the program's conditions, which can be found at https://www.scotiabankcolpatria.com/promociones/legales/psmt-0. Approval of the PriceSmart Scotiabank Colpatria Credit Card is subject to the bank's credit policies. Please consult the rates and fees section at http://www.scotiabankcolpatria.com/. Clubs are defined as PriceSmart establishments or stores located in Colombia. Scotiabank Colpatria is not a seller, producer, or supplier of any products offered by PriceSmart. Therefore, Scotiabank Colpatria is not responsible for the quality, suitability, or guarantee of these products. In compliance with Section E of Article 631 of the Tax Statute, Scotiabank Colpatria will inform the National Tax and Customs Directorate (DIAN) of the money given to each customer in this campaign.

This is an exclusive promotion for the articles indicated in this communication. Available inventories: Item#488537 receives a COP$100,000 coupon (inventory: 92); Item#48856 receives a COP$100,000 coupon (inventory: 48); Item#488559 receives a COP$100,000 coupon (inventory: 24); Item#492903 receives a COP$100,000 coupon (inventory: 24); Item#492906 receives a COP$100,000 coupon (inventory: 24); Item#488507 receives a COP$100,000 coupon (inventory: 48); Item#492516 receives a COP$100,000 coupon (inventory: 88); Item#488531 receives a COP$100,000 coupon (inventory: 24); Item#492899 receives a COP$100,000 coupon (inventory: 24); Item#488550 receives a COP$100,000 coupon (inventory: 32); Item#49282828 receives a COP$100,000 coupon (inventory: 24); Item#488553 receives a COP$100,000 coupon (inventory: 28); Item#488540 receives a COP$100,000 coupon (inventory: 24); Item#488547 receives a COP$100,000 coupon (inventory: 28); Item#488523 receives a COP$100,000 coupon (inventory: 48); Item#492818 receives a COP$60,000 coupon (inventory: 40); Item#488534 receives a COP$60,000 coupon (inventory: 54); Item#488543 receives a COP$60,000 coupon (inventory: 88); Item#492825 receives a COP$60,000 coupon (inventory: 96); Item#492821 receives a COP$60,000 coupon (inventory: 40); Item#488527 receives a COP$60,000 coupon (inventory: 200).