Ecopetrol Equity Divestment Plan for EEB Shares

(Ecopetrol S.A. 2.Jun.2016) – Ecopetrol S.A. announced that on June 1, 2016, through the X-STREAM trading system of the Colombian Stock Exchange (Bolsa de Valores de Colombia S.A.), the second auction was held for the second stage of the program to divest and sell 278,225,586 of Ecopetrol’s shares of the company Empresa de Energía de Bogotá S.A. E.S.P. (EEB).

The equity divestment plan was approved by the National Government of Colombia through Decree 2305 of 2014. As all of the shares offered in the second auction were purchased, Ecopetrol has the option of holding up to two additional auctions for the remaining number of shares, 86,585,888, in the time and manner indicated in the offering notice.

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