“DISTRIBUTION OF PROFITS FOR 2017 FISCAL YEAR
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, at the General Shareholders' Meeting held on March 23, 2018, the Company's Shareholders approved the plan for distribution of profits, which establishes a distribution of an ordinary dividend per share of eighty-nine Colombian pesos (COP$89). The dividend for the minority shareholders will be paid in one installment on April 19, 2018. The dividend for the majority shareholder, the Colombian State, will be paid in two equal installments on April 19 and September 17, 2018.
Bogotá D.C., March 23, 2018”