Ecopetrol publishes measures to guarantee the adequate representation of its Shareholders at the extraordinary General Shareholders’ Meeting to be held on June

BOGOTA, Colombia, June 1, 2022 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL NYSE: EC) informs that to comply with the provisions of Element III Title I Chapter VI of the Standard Authorized Round issued by the Money Superintendence of Colombia (E.C. 029 of 2014), the Board of Directors of Ecopetrol S.A. (“Ecopetrol” or the “Corporation”) accepted the implementation of the next steps aimed at guaranteeing the enough illustration of shareholders at the amazing General Shareholder’s Conference to be held on June 17, 2022:

The Board instructed the Company’s management to:

• Inform shareholders of their right to be represented by means of the appointment of a proxy and point out the legal prerequisites of the proxies to be granted for these purpose.
• Appoint those who will validate the shareholders’ proxy assignments, advising that those people proxies that fall short to meet the minimum specifications set up by law will not be admitted as valid, nor proxy type will be accepted the place the title of the respective appointed agent is not evidently described.
• To abstain from generating any recommendations or determinations about the proxy selection of the shareholders.
• Not advise to shareholders to vote for a specific applicant listing.
• Not propose, coordinate, or concur with shareholders concerning i) the submission of proposals at the Conference and/or ii) voting in favor or from any proposal mentioned in the Meeting.
• Verify that the shareholders do not grant proxies to folks instantly or indirectly associated to the Firm’s management or employees.
• The Vice-president of Corporate Affairs of Ecopetrol was appointed as the officer responsible for verifying the compliance with the previously mentioned actions.
• The Legal Affairs Vice Presidency of Ecopetrol was appointed as the spot responsible for supervising the assessment of proxies.

The earlier steps adopted by the users of the Board of Administrators of the Business in a conference held on May perhaps 31, 2022, will be informed by its Chairperson to the standard market as a result of the Delegate Superintendent for Issuers prior to the Common Shareholders’ Conference.

Ecopetrol is the major enterprise in Colombia and 1 of the primary built-in power providers in the American continent, with far more than 18,000 personnel. In Colombia, it is accountable for much more than 60% of the hydrocarbon output of most transportation, logistics, and hydrocarbon refining programs, and it holds primary positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA’s shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla – Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration functions in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, as a result of ISA and its subsidiaries, Ecopetrol retains leading positions in the electrical power transmission enterprise in Brazil, Chile, Peru, and Bolivia, street concessions in Chile, and the telecommunications sector. This push launch has organization prospect statements, functioning and economical result estimates, and statements similar to Ecopetrol’s growth prospective clients. These are all projections and, as these types of, they are centered exclusively on the anticipations of the supervisors regarding the upcoming of the enterprise and their ongoing entry to cash to finance the firm’s business enterprise system. The realization of stated estimates in the long term is dependent on the actions of marketplace disorders, regulations, levels of competition, the effectiveness of the Colombian economy my and the marketplace, among other components, and are for that reason matter to adjust with no prior observe.

This release has statements that could be deemed ahead-wanting statements within the indicating of Part 27A of the U.S. Securities Act of 1933, as amended, and Area 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-seeking statements, whether manufactured in this release or in potential filings or push releases or orally, tackle issues that include risks and uncertainties, like in regard of the Company’s prospects for growth and its ongoing obtain to funds to fund the Company’s organization strategy, among the others. As a result, adjustments in the subsequent things, among other folks, could induce precise outcomes to vary materially from all those bundled in the ahead -wanting statements: sector rates of oil & gasoline, our exploration, and manufacturing things to do, industry circumstances, applicable restrictions, the trade amount, the Firm’s competitiveness and the overall performance of Colombia’s economic climate and marketplace, to mention a couple of. We do not intend and do not believe any obligation to update these forward-searching statements.

For more information, please contact: 

Head of Cash Marketplaces
Carolina Tovar Aragón
Email: [email protected]

Head of Corporate Communications
Mauricio Téllez 
E-mail: [email protected]

Source Ecopetrol S.A.