Ecopetrol Gets Approval For Profit Distribution for Fiscal Year 2021

(Ecopetrol, 30.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the ordinary General Shareholders’ Meeting, held on 30 March 2022, approved the profit distribution proposal submitted for its consideration. This proposal establishes that an ordinary dividend per share of two hundred and forty-three pesos (COL $243) and an exceptional extraordinary dividend, equivalent to thirty-seven pesos (COL $37) per share, for a total dividend of two hundred and eighty (COL $280) pesos per share, will be distributed, equivalent to COP$11,512,674,513,255.

The ordinary and extraordinary dividends for minority shareholders will be paid in one installment on 21 April 2022. The majority shareholder’s payment will be made during the course of the year, and before 30 September 2022, following the recommendations from CONPES.