Ecopetrol - Tender Offer - Final Results

ECOPETROL ANNOUNCES FINAL RESULTS AND FINAL SETTLEMENT OF ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR ITS 5.875% NOTES DUE 2023 FOR UP TO $1,000,000,000 AGGREGATE PRINCIPAL AMOUNT

14 FEBRUARY 2023

Full announcement available via SEC.

"Bogotá, Colombia, February 14, 2023 – Ecopetrol S.A. (“Ecopetrol”), announced today the final tender results in connection with its previously announced tender offer for cash (the “Offer”) to purchase up to U.S.$1,000,000,000 in aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 5.875% Senior Notes due 2023 (CUSIP: 279158 AC3 / ISIN: US279158AC30 (the “Notes”). The Offer was made pursuant to Ecopetrol’s Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”), which set forth a comprehensive description of the terms of the Offer.

The Offer expired at 11:59 p.m., New York City time, on February 13, 2023 (the “Expiration Date”). Any Notes that have been validly tendered cannot be withdrawn, except as may be required by applicable law.

The following table summarizes the final results for the Offer as of the Expiration Date and the principal amount of Notes that Ecopetrol has accepted for cancellation:"

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"Holders who validly tendered and did not validly withdraw their Notes on or prior to the Early Tender Date, and whose Notes were accepted for purchase by Ecopetrol pursuant to the Offer, received the Total Consideration of U.S.$1,003.41 per U.S.$1,000 principal amount of Notes (the “Total Consideration”), which included an early tender payment (the “Early Tender Premium”) of U.S.$30.00 per U.S.$1,000 principal amount of Notes, subject to the Maximum Tender Amount.

Holders who tendered after the Early Tender Date but prior to the Expiration Date will receive the Tender Consideration only. The “Tender Consideration” means, for each U.S.$1,000 principal amount of Notes validly tendered and accepted by the Ecopetrol, the Total Consideration minus the Early Tender Premium. The applicable Consideration will be payable in U.S. dollars.

In addition to the Tender Consideration for the Notes validly tendered and accepted for purchase, Holders will also receive accrued and unpaid interest from, and including, the last interest payment date up to, but excluding, the Final Settlement Date, which will be paid in cash on the Final Settlement Date.

All the Notes tendered after the Early Tender Date but prior to the Expiration Date, and not validly withdrawn, were accepted for purchase. Since the principal amount of tenders does not exceed the Maximum Tender Amount, Ecopetrol will accept all Notes tendered after the Early Tender Date but prior to the Expiration Date."

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ECOPETROL ANNOUNCES EARLY RESULTS OF TENDER OFFER FOR ITS 5.875% NOTES DUE 2023 FOR UP TO $1,000,000,000 AGGREGATE PRINCIPAL AMOUNT

31 JANUARY 2023

Full announcement available via SEC.

"Bogotá, Colombia, January 31, 2023 – Ecopetrol S.A. (“Ecopetrol”), announced today the early tender results in connection with its previously announced tender offer for cash (the “Offer”) to purchase up to U.S.$1,000,000,000 in aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 5.875% Senior Notes due 2023 (CUSIP: 279158 AC3 / ISIN: US279158AC30 (the “Notes”). The Offer is being made pursuant to Ecopetrol’s Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”), which sets forth a comprehensive description of the terms of the Offer.

Withdrawal rights for the Offer expired as of 5:00 p.m., New York City Time, on January 30, 2023 (unless extended by Ecopetrol, the “Withdrawal Date”). Notes validly tendered in the Offer may no longer be withdrawn after the Withdrawal Date, except as may be required by applicable law. As of 5:00 p.m., New York City time, January 30, 2023 (the “Early Tender Date”), the following principal amount of the Notes had been validly tendered and not validly withdrawn pursuant to the Offer:"

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ECOPETROL ANNOUNCES CONSIDERATION FOR TENDER OFFER IN RESPECT OF ITS 5.875% NOTES DUE 2023 FOR UP TO $1,000,000,000 AGGREGATE PRINCIPAL AMOUNT

31 JANUARY 2023

Full announcement available via SEC.

"Bogotá, Colombia, January 30, 2023 – Ecopetrol S.A. (“Ecopetrol”), announced today the Total Consideration and Tender Consideration (each as defined below) for its previously announced tender offer for cash (the “Offer”) to purchase up to U.S.$1,000,000,000 in aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 5.875% Senior Notes due 2023 (CUSIP: 279158 AC3 / ISIN: US279158AC30 (the “Notes”). The Offer is being made pursuant to Ecopetrol’s Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”), which sets forth a comprehensive description of the terms of the Offer.

The total tender consideration to be paid for the Notes accepted for purchase pursuant to the Offer was determined by reference to (i) the Fixed Spread for the Notes set forth in the table below and (ii) yield for the Notes (the “Reference Yield”) based on the bid-side price of the U.S. Treasury reference security (the “Reference Security”) set forth in the table below (the “Total Consideration”). The Reference Yield was calculated in accordance with standard market practice at 11:00 a.m., New York City time, on January 30, 2023. The Total Consideration for the Notes includes an early tender payment (the “Early Tender Premium”) of U.S.$30.00 per U.S.$1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Offer, subject to the Maximum Tender Amount.

The following table sets forth certain terms of the Offer:

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ECOPETROL LAUNCHES TENDER OFFER FOR ITS 5.875% NOTES DUE 2023 UP TO $1,000,000,000 AGGREGATE PRINCIPAL AMOUNT

17 JANUARY 2023

Full announcement available via SEC.

"Bogotá, Colombia, January 17, 2023 – Ecopetrol S.A. (“Ecopetrol”), announced today that it has commenced a tender offer for cash (the “Offer”) to purchase up to U.S.$1,000,000,000 in aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 5.875% Senior Notes due 2023 (CUSIP: 279158 AC3 / ISIN: US279158AC30 (the “Notes”).The Offer is being made pursuant to Ecopetrol’s Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”), which sets forth a comprehensive description of the terms of the Offer. The Offer will expire at 11:59 p.m., New York City time, on February 13, 2023, unless extended or terminated earlier (the “Expiration Date”). Holders who validly tender and do not validly withdraw Notes on or prior to 5:00 p.m., New York City time, on January 30, 2023 (as the same may be extended, the “Early Tender Date”), that are accepted for purchase by Ecopetrol will receive the Total Consideration (as defined below), which includes the “Early Tender Premium” indicated in the table below, with respect to Notes validly tendered (and not validly withdrawn) and accepted for purchase subject to the Maximum Tender Amount. Notes validly tendered in the Offer may not be withdrawn after 5:00 p.m., New York City Time, on January 30, 2023 (unless extended by “Withdrawal Date”), except as may be required by applicable law.

Holders who validly tender (and do not validly withdraw) Notes after the Early Tender Date but prior to the Expiration Date, which Notes are accepted for purchase will receive the Tender Consideration (as defined below), subject to the Maximum Tender Amount. In addition to the Total Consideration or Tender Consideration (as applicable) for the Notes validly tendered and accepted for purchase, Holders will also receive accrued and unpaid interest from, and including, the last interest payment date up to, but excluding, the applicable Settlement Date, which will be paid in cash on the applicable Settlement Date.

Tendered Notes may be subject to proration if the aggregate purchase price of Notes validly tendered and not validly withdrawn in the Offer exceeds the Maximum Tender Amount, subject to disclosure and other requirements under applicable law. All Notes tendered at or prior to the Early Tender Date will have priority over Notes tendered after the Early Tender Date.

The following table sets forth certain terms of the Offer: "