Ecopetrol disburses financing line for USD 1,200 million for advance payment of credit contracted for the acquisition of ISA

This Ecopetrol release was published using machine translation.

Ecopetrol SA (BVC: ECOPETROL; NYSE: EC) informs that, as part of its comprehensive debt management strategy, it disbursed the resources associated with the existing financing line for USD 1.2 billion, contracted in August 2021, with a group of international banks, approved by the Ministry of Finance and Public Credit through Resolution 1824 of July 30, 2021.

The resources will be used in their entirety for the advance payment of the credit originally contracted for the acquisition of Interconexión Eléctrica SA With this operation, to date, USD 3,200 million have been paid to the lending banks of said credit, leaving a
remaining balance to be refinanced of USD 472 million, maturing in August 2023.

The disbursement of the financing line has complied with all the required internal and external procedures and approvals, and does not increase the Company's indebtedness. This transaction reduces the refinancing needs of 2023 and captures benefits of
existing debt resources on competitive terms against prevailing market conditions.