Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports it will prepay all loans entered into in 2013 with international banks and guaranteed by the US Export-Import Bank, which had been subject to a payment schedule to 2023.

The loan agreements allow Ecopetrol to prepay without penalty all principal on the interest payment dates, which are scheduled for July 6 and 25, 2018. Total principal plus accrued interest owed is USD 155,979,564.

The Ecopetrol Group is able to make this prepayment as a result of its solid cash position of COP 16.6 billion as of the first quarter of 2018. This position is projected to remain robust, allowing the company to address crude price volatility scenarios and be prepared to seize any opportunities that might arise for inorganic growth.

This prepayment is in line with the objectives of the company’s 2020 business plan and confirms Ecopetrol’s commitment to continue to improve its credit rating and increase shareholder returns.

For further information contact:

Capital Markets Manager (e)

Francisco Pinilla Ortiz

Telephone: +571-234-5190

Email: [email protected]


Media Relations (Colombia)

Jorge Mauricio Tellez

Telephone: + 571-234-4329

Email: [email protected]

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