Ecopetrol Updates On Offer To Acquire ISA Stock

(Ecopetrol, 8.Feb.2021) — Ecopetrol S.A,, pursuant to the provisions set forth in Article – Decree 2555/2010, does hereby confirm the information published in several media outlets that last 5 February 2021, received a written communication issued by the Ministry of Finance and Public Credit, whom, among other things, announced that:

— They agree to sign an exclusivity contract with Ecopetrol pursuant to which, during the first half of 2021, Ecopetrol will be required to consummate the bid it submitted on 27 January 2021 to acquire 51.4% of the outstanding shares of ISA under an Inter-Administrative Contract.

— They reserve the right to propose adjustments to the price range subject to the results of the appraisal and due diligence processes that it undertakes in parallel to Ecopetrol.