Ecopetrol Updates on Partial Distribution of Occasional Reserve

Instant Max AI Immediate Frontier

(Ecopetrol, 21.Jun.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, at the Extraordinary General Shareholders’ Meeting held on 17 June 2022, the company’s Shareholders approved the modification of the:

i) deadline for the payment of dividends to the Nation, approved in the ordinary session of 30 March 2022, from 30 September to 31 October 2022.

ii) change in the destination of the company’s occasional reserve that had been constituted in the General Shareholder’s Meeting held on past 30 March, in order to distribute it as an extraordinary dividend of one hundred and sixty-eight Colombian pesos per share (COP$168), as follows:

Occasional Reserve Distribution

Total occasional reserve available: COP$ 8,889,900,168,629

Number of shares: 41,116,694,690.1959

Value for distribution per share: COP$ 168

Amount of occasional reserve for distribution: COP $6,907,604,707,953

Value of reserve not distributed: COP$1,982,295,460,676

The payment of the dividend for minority shareholders will be made in a single installment on 30 June 2022, and for the majority shareholder, the total dividend payment will be offset with the receivable account within the Fuel Price Stabilization Fund (FEPC for its acronym in Spanish) with Ecopetrol no later than 30 June 2022, in accordance with the provisions of Paragraph 2 of Article 90 of Law 2159 of 2021.


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